Question

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:

Answer 1

In order for Millard’s Department Store to meet their immediate needs, they should utilize the short term financing. Short term financing is defined as a way of business financing by means of obtaining finance that is usually in a term of one year or less than one year. It is usually for about 4-6 months.