Clark,president of Cycles Go Go,worries That Cash Flows May Be

question 102

Multiple Choice

Clark,president of Cycles Go Go,worries that cash flows may be insufficient to pay his current operating expenses.While he anticipates a surplus of cash inflows as warm weather approaches,he needs to borrow funds now to meet his immediate obligations.Clark can best resolve his cash flow concerns by obtaining______ financing.

• A)contingency
• B)long-term
• C)intermediate
• D)short-term

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