CheckPoint: Short-Term FinancingShort-term financing is essential to the busines

CheckPoint: Short-Term FinancingShort-term financing is essential to the business operations of anyorganization and obtaining this financing is an integral part offinancial management. Financial managers in health care must have agood understanding of the various types of short-term financingavailable to their particular organizations.Resource: Ch. 19 of Financial Management.Due Date: Day 4 [Individual forum]Address the following regarding the various types of short-termfinancing available to health care organizations:o Explain the differences between accounts payable and tradecredit.o Explain the opportunity costs involved with some types of tradecredit.o How do short-term bank notes provide what amounts to permanentfinancing at short-term rates?o What are the risks involved with short-term bank notes?o What types of organizations are capable of offering commercialpaper as a source of short-term financing?Post your answers as a Microsoft Word attachment.