What are advantages and disadvantages of short-term versus long- term debt

Differentiate between permanent current assets and temporary cur-
rent assets.
What does maturity matching mean, and what is the advantage of
this policy?
What are advantages and disadvantages of short-term versus long-
term debt

How could the cash budget be used when negotiating the terms of a
bank loan? Suppose a firm’s cash flows do not occur uniformly throughout the
month.

What effect would this have on the accuracy of the fore casted borrowing requirements based on a monthly cash budget?
How could the firm deal with this problem?