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XYZ Company experienced a significant increase in sales as a result of its new promotional campaign. Yesterday, however, it realized that because most of those sales were on credit, it did not have enough money in the bank to pay this month's bills. XYZ can take care of this situation temporarily by ________.

Respuesta :

Answer:

XYZ can take care of this situation temporarily by Short term financing.

Explanation:

Short term financing, also known as  working capital financing, is the type of financing which is obtained for a term of one year or less. It may be required due to the uneven cash flow into the business or seasonal pattern of the business.

Short term financing can be used as a working capital to carry out the daily operations of the business.

Therefore, XYZ can take care of this situation temporarily by Short term financing.

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