Ellison is responsible for taking care of her elderly parents. She also is a small business owner. As her bills mount for caring for her parents, she is forced to tap into her savings account. She then decides to borrow money from the bank to pay bills related to her business. Which of the reasons a firm borrows money does thisbest demonstrate?
A) funds for extending credit
B) funds for short-term cash flow
C) funds for minor investments
D) funds for managing everyday business activities
E) funds for trade credit
Correct Answer:
Verified
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