Sources of Short-Term Financing Such as Accounts Payable, Notes Payable

question 87

Multiple Choice

Sources of short-term financing such as accounts payable, notes payable, and accruals should be used to finance:

• A)all current assets
• B)all fixed assets
• C)a portion of the current assets needed to support nonseasonal sales levels plus all of the seasonal build-up in current assets
• D)a portion of the fixed assets plus all of the seasonal build-up in current assets

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Definitions:

Tariff

A governmental policy tool used to control the flow of international trade through taxes on imports and exports.

Saddles Imported

The act of bringing in saddles from foreign countries for sale within the domestic market.

Quantity

The amount or number of a material or immaterial good or service.

Tariff

A tax imposed by a government on imported goods, often used to protect domestic industries and adjust trade balances.