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Garcia Assemblers Corporation is a manufacturing company. Garcia s financial managers use many sources of financing for the company s annual borrowings, which exceed $
Garcia Assemblers Corporation is a manufacturing company. Garcias financial managers use many sources of financing for the companys annual borrowings, which exceed $ million. Garcias credit rating is excellent. At the moment, the managers are looking to fund a $ million payroll by issuing a note with a day maturity. Is this an Accrual, Commercial paper, Trade credit, or Bank loans?
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