Carol's Clothiers,LLP,sells women's business clothing designed by the world's top designers.The company also sells clothing from its own line which is priced just below the designer clothing,but is nonetheless of very high quality.Carol's has,throughout its history,been attentive to the financial needs of the company and the seasonal fluctuations in income and expenses,and has planned accordingly.Except for the initial start-up expenses which were paid by the partner's loaning funds to the company,Carol's has always paid its bills from the income generated by sales.During the second year in operation,the company repaid the loans made by the partners.What kind of financing has Carol's Clothiers,LLP,used as its primary source of funds?

Question

Quizplus · Accepted Answer

Carol's Clothiers, LLP, has primarily used sales revenue as its source of funds, as indicated by the fact that it has always paid its bills from the income generated by sales.

Carol's Clothiers,LLP,sells Women's Business Clothing Designed by the World's Top