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PtichkaEL [24]
3 years ago
5

Tyoka has a small retail store in San Diego. He sells imported items such as clothing, arts, and crafts. He has recently sold th

e store to a group of investors. In the arrangement with the investors, Tyoka now leases his former store from the new investors. What type of financing applies to Tyoka's new arrangement?
Social Studies
1 answer:
vitfil [10]3 years ago
3 0

Answer:

Sale-Leaseback

Explanation:

Hi! The answer would be Sale-Leaseback. Sale and leaseback is a financial transaction in which one sells an asset and leases it back for the long term; therefore, one continues to be able to use the asset but no longer owns it. In this case, Tyoka would need a sale-leaseback arrangement.

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