The Two Major Sources of Short-Term Financing Are

question 72

Multiple Choice

The two major sources of short-term financing are

• A) accounts payable and accruals.
• B) a line of credit and accruals.
• C) accounts receivable and notes payable.
• D) a line of credit and accounts payable.

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Definitions:

Mutual Fund

An investment program funded by shareholders that trades in diversified holdings and is professionally managed.

Annual Management Fee

A charge by investment managers for managing assets, calculated as a percentage of the total assets under management annually.

Overtime Wages

Additional compensation paid to employees for hours worked beyond the standard working hours, typically at a higher rate.

Hourly Rate

The total compensation or income received per hour of employment.