Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The reason trade payables are called spontaneous source of funds is that: Multiple Choice whenever in need, trade payables will be there. banks are always

The reason trade payables are called "spontaneous source of funds" is that:

Multiple Choice whenever in need, trade payables will be there. banks are always interested in lending to businesses. as business expands or contracts, the firm's payables automatically increase or decrease. governments are always supportive of failing corporations.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Financial Management

Authors: Eugene F. Brigham, Phillip R. Daves

13th Edition

1337395080, 9781337395083

Students also viewed these Finance questions

Question

=+1. Do you have insurance?

Answered: 1 week ago

Question

=+ 2. Do you have a license and do you have insurance?

Answered: 1 week ago