If a firm has seasonal sales,then it is highly likely the firm will:
A) hold extra excess cash throughout the year.
B) borrow short term for part of the year and invest in marketable securities the rest of the year.
C) never be able to invest any excess funds.
D) continually have short-term loans outstanding.
E) have less volatile cash flows than a comparable firm with constant sales.
Correct Answer:
Verified
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