Tri-Supply prefers to handle its accounts receivable itself, but it also needs to use them to facilitate
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Question:
Tri-Supply prefers to handle its accounts receivable itself, but it also needs to use them to facilitate short-term borrowing. What can Tri-Supply do?
Use floor planning
Purge its accounts receivable
Pledge them as collateral Force all customers to pay now
Sell commercial paper
Expert Answer:
To handle its accounts receivable while also using them to facilitate shortterm borrowing TriSupply ... View the full answer
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