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(JMI) is a company that builds custom-designed metal-cutting machinery. JMI's minimum sales contract is typically for $1 million and many sales contracts are in excess
(JMI) is a company that builds custom-designed metal-cutting machinery. JMI's minimum sales contract is typically for $1 million and many sales contracts are in excess of $5 million. It generally takes eight to 16 months to complete a sales contract. What type of short-term financing is the most attractive for this company? Question 10 options: a) Customer advances b) Line of credit c) Term loan d) Common shares
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To determine the most attractive type of shortterm financing for JMI a company building customdesigned metalcutting machinery with long sales cycles l...
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