Asked by Juliana Ferranti on Jul 08, 2024
Verified
ABC Tools received goods or services from a supplier and agrees to pay for them at a later date.This arrangement is called
A) a short-term loan.
B) a repurchase agreement.
C) trade credit.
D) commercial credit.
Trade Credit
Credit extended by suppliers in which the buyer agrees to pay for goods and services received now at a later date.
Short-Term Loan
a borrowing arrangement designed to provide funds for a short period, typically less than a year, and is used for immediate financial needs.
Supplier
An individual or company that provides goods or services to another entity, typically as part of a supply chain.
- Catalog the variety of financing opportunities available to corporations and their respective outcomes.
Verified Answer
Learning Objectives
- Catalog the variety of financing opportunities available to corporations and their respective outcomes.
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