XYZ Company Experienced a Significant Increase in Sales as a Result

question 89

Multiple Choice

XYZ Company experienced a significant increase in sales as a result of its new promotional campaign.Yesterday,however,it realized that because most of those sales were on credit,it did not have enough money in the bank to pay this month's bills.XYZ can take care of this situation temporarily by

• A) obtaining long-term financing.
• B) disallowing credit sales.
• C) selling commercial drafts.
• D) obtaining short-term financing.
• E) issuing stock.

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