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The Owners of Spokes Bicycle Shop Worry That Cash Flow

Question 230

Multiple Choice

The owners of Spokes Bicycle Shop worry that cash flow this winter may be insufficient to meet the current operating expenses. While they anticipate a surplus of cash inflow as warm weather approaches, they need funds now to meet the company's immediate obligations. The owners can best resolve cash flow concerns by obtaining ________ financing.


A) intermediate
B) contingency
C) short-term
D) long-term

Correct Answer:

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