As a Result of Cash Flow Shortages, Millard's Department Stores

question 189

Multiple Choice

As a result of cash flow shortages, Millard's Department Stores has fallen behind in payments to suppliers. Some suppliers are withholding shipments to Millard's until they receive payments on overdue accounts. To meet their immediate needs, Millard's Department Stores should utilize:

• A) vulture capital.
• B) long-term financing.
• C) contingency capital.
• D) short-term financing.