Short-term credit, or short-term financing, is any liability that is scheduled for repayment within one year. Sources of short-term funds include banks, suppliers, securities firms, and insurance companies. The obligations are in the form of bank loans, trade credit, commercial paper, secured loans, and accruals. Some types of short-term financing are easler to obtain and manage than others. Financial managers will consider the costs of the various sources of financing as part of a cash management strategy. The following statement refers to a source of short-term credit. Select the best ferm to complete the sentence. The use of as a source of financing is restricted to large firms with exceptionally good credit. Corona Enterprises is a very large manufacturing company. Corona's financial managers use many sources of financing for the company's annual borrowings, which exceed $100 million. Corona's credit rating is excellent. At the moment, the managers are looking to fund a $5 milion payroll by Issuing a note with a 30-day maturity. What type of financing is this? Bank loans Acerual Commercial paper Trade credit Short-term credit, or short-term financing, is any liability that is scheduled for repayment within one year, Sources of short-term funds include banks, suppliers, securities firms, and insurance companies. The obligations are in the form of bank loans, trade credit, commercial paper, secured loans, and accruals. Some types of short-term financing are easier to obtain and manage than others. Financial managers will consider the costs of the various sources of financing as part of a cash management strategy. The following statement refers to a source of short-term credit. Select the best term to complete the sentence. The use of as a source of financing is restricted to large firms with exceptionally good credit: Corona Ent borrowings ie manufacturing company. Corona's financial managers use many sources of financing for the company's annual issuing a n milion. Corona's eredit rating is excelient. At the moment, the managers are looking to fund a $5 million payroll by turity. What type of financing is this? Commercial paper Trade credt