MCQOPTIONS
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| 1. |
Your firm has a philosophy that is analogous to the hedging (maturitymatching) approach. Which of the following is the most appropriate non- spontaneous form for financing the excess seasonal current asset needs? |
| A. | trade credit. |
| B. | 6-month bank notes. |
| C. | accounts payable. |
| D. | common stock equity. |
| Answer» C. accounts payable. | |