All of the Following Are Firms That May Experience a Long

question 82

Multiple Choice

All of the following are firms that may experience a long lag between the expenditures of cash and the receipt of cash from customers,except:

• A) restaurants
• B) wineries
• C) construction companies
• D) aerospace manufacturers

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Definitions:

Credit Cards

Financial tools issued by banks allowing cardholders to borrow funds within a pre-approved limit for purchases or cash advances, typically requiring repayment with interest.

Mortgages

Loans secured by real property, typically used by individuals or businesses to purchase homes or real estate.

Bank Loans

Funds lent by a bank to a borrower at a specified interest rate for a fixed term.

Financial Assets

Financial assets are intangible assets that derive value because of a contractual claim, such as stocks, bonds, bank deposits, and the rights to receive cash in the future.