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As a result of cash flow shortages, Millard's Department Stores has fallen behind in payments to suppliers. Some suppliers are withholding shipments to Millard's until they receive payments on overdue accounts. To meet their immediate needs, Millard's Department Stores should utilize:
a. vulture capital.
b. long-term financing.
c. contingency capital.
d.short-term financing.

Respuesta :

sandlee09

Answer:

d. short-term financing.

Explanation:

According to my research on different types of loans, I can say that based on the information provided within the question Millard's department stores should utilize a short term financing plan. This is a type of loan given to companies for working capital which is the amount of money that you need for the day-to-day operations of your business.

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