Author Question: Tidewater Distributors is successfully using short-term financing to buy inventory for resale. As ... (Read 129 times)

jjjetplane · **on:** Jul 14, 2018

Tidewater Distributors is successfully using short-term financing to buy inventory for resale. As sales climb, the managers realize that they must decide what to do with the money. Since you are the financial manager, they ask for your advice. You advise them to first
A) repay the short-term obligations out of the sales revenue.
B) use the money to buy a yacht for the managers.
C) increase all employees' wages.
D) enroll all the salespeople in a sales training course.
E) borrow more money.

Question 2

Virtual teams are unassigned teams of friends within an organization.

Indicate whether the statement is true or false