Question
Which of the following provide the funds needed to pay bills and meet expenses?
Ask by Morrison Warren. in the United States
Feb 24,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
Funds to pay bills and meet expenses typically come from income, savings, investments, loans, credit, or government assistance.
Solution
To answer your question, I need to clarify the context. Are you asking about sources of funds for personal finance, business finance, or something else? Common sources of funds to pay bills and meet expenses typically include:
1. **Income from Employment**: Salaries or wages earned from a job.
2. **Savings**: Money set aside in savings accounts or other savings vehicles.
3. **Investments**: Returns from stocks, bonds, or other investment vehicles.
4. **Loans**: Borrowed money from banks or financial institutions.
5. **Credit**: Using credit cards or lines of credit to cover expenses.
6. **Government Assistance**: Benefits or aid provided by government programs.
If you have specific options or a particular context in mind, please provide that information for a more tailored response.
Answered by UpStudy AI and reviewed by a Professional Tutor
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Think of cash flow as the lifeblood of a business! Historically, businesses have relied on various sources of funding, but one of the most traditional means has been from customer payments after sales. This direct inflow can help cover everyday bills and expenses, but staying on top of accounts receivable is crucial to avoid cash crunches! To keep your cash flow healthy, always track your expenses and income closely. A common mistake is underestimating the time it takes to collect payments. Setting clear payment terms and following up on outstanding invoices can prevent frustrating shortfalls. Also, consider budgeting for unexpected expenses—better safe than sorry!
