Clark,president of Cycles Go Go,worries that cash flows may be insufficient to pay his current operating expenses.While he anticipates a surplus of cash inflows as warm weather approaches,he needs to borrow funds now to meet his immediate obligations.Clark can best resolve his cash flow concerns by obtaining______ financing.
A)contingency
B)long-term
C)intermediate
D)short-term

Question

Quizplus · Accepted Answer

Clark needs to borrow funds to meet his immediate obligations, indicating a need for short-term financing. Contingency financing is typically reserved for unexpected or emergency situations, while long-term and intermediate financing are not suitable for addressing immediate cash flow concerns.

Clark,president of Cycles Go Go,worries That Cash Flows May Be