Jensen Fabricators Corporation is a manufacturing company. Jensen's financial managers use many sources of financing for the company's annual borrowings, which exceed $100 million. Jensen's credit rating is excellent. At the moment, the managers are looking to fund a $5 million payroll by issuing a note with a 30-day maturity. What type of financing is this? Commercial paper Trade credit Accrual Bank loans

Jensen Fabricators Corporation is a manufacturing company. Jensen's financial managers use many sources of financing for the company's annual borrowings, which exceed $100 miltion. Jensen's credit rating is excellent. At the moment, the managers are looking to fund a $5 million payroll by issuling a note with a 30 -day maturity. What type of financing is this? Commercial paper Trade credit Accrual Bank loans