Question: Question ( 3 ) Charles Company has requested a loan to finance a one - time purchase of inventory from a supplier that is going

Question

(3)

Charles Company has requested a loan to finance a one

-

time purchase of inventory from a supplier that is going out of business. Because the purchase price is so low, and the items are in demand, the company plans to sell these items at an end

-

-

season blowout sale. Which credit facility would be the most appropriate to meet this need?

Term loan.

Bridge loan.

Short

-

term note.

Question (3) Charles Company has requested a loan to finance a

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