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erastovalidia [21]
2 years ago
5

What is a type of short-term financing that consists of unsecured promissory notes that mature in 270 days or less? Multiple Cho

ice Trade credit Line of credit Commercial paper Secured loan
Business
1 answer:
Ksenya-84 [330]2 years ago
4 0

Answer:

Commercial paper

Explanation:

Commercial paper is a term in business or economics that describes money-market security issued by corporation, which is considered unsecured, so as to obtain funds to meet short-term debt or obligation, such as financing of payroll, and inventories.

It is supported only by issuing bank or company promise to pay the face amount on the maturity date often 270 days or less, as specified on the note.

Hence, COMMERCIAL PAPER is a type of short-term financing that consists of unsecured promissory notes that mature in 270 days or less.

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The financial statements of Weston Office Supply include the following​ items:20172016Cash​ $43,500​ $50,000Shortminus−term Inve
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Answer:

The current ratio is 1.18 times

Explanation:

Current Ratio: The current ratio is that ratio which shows a relationship between the current assets and the current liabilities

The computation of the current ratio is shown below

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The long term note payable is not a current liabilities,hence it is not considered in the computation part.

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