Short-term self-liquidating loans are intended to
A. finance capital assets.
B. cover seasonal peaks in financing caused by inventory and receivables buildup.
C. finance merger and/or acquisition activity.
D. recapitalize the firm.
Answer:B
Short-term self-liquidating loans are intended to
A. finance capital assets. B. cover seasonal peaks in financing caused by inventory and receivables buildup. C. finance merger and/or acquisition activity. D. recapitalize the firm.