Jones Manufacturing needs $450,000 to build a new plant. It must also spend $200,000 on new equipment for the plant. Both of these needs are examples of

Name: Jones Manufacturing needs $450,000 to build a new plant. It must also spend $200,000 on new equipment for the plant. Both of these needs are examples of
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Building a new plant and purchasing new equipment are both long-term investments and require long-term financing. Therefore, the best choice is D, which represents long-term financing needs.

Jones Manufacturing Needs $450,000 to Build a New Plant