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As a local department head, how knowledgeable should you be in the various financing options available...

As a local department head, how knowledgeable should you be in the various financing options available for purchasing capital equipment? explain your reasoning
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Answer #1

One should be very knowledgable about the various financing options for purchasing capital equipment, as this can ensure the best use of capital resources.

Explanation:

The reason for this is that one needs to be familiar with leasing options, debt options, grant options, cash options, and any tax benefits providing with these options. The reason for this is that as a government head, one needs to know that they have a budget amount of capital resources, and for that reason one needs to know how best to use the capital resources they have over a period of time, thus requiring them to become very knowledgeable about that different financing options available when purchasing capital equipment.

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