For a department store such as Macy's, the most likely need for short-term financing will be for
A) inventory.
B) employee wages.
C) extending credit policies.
D) new locations.
E) additional cash registers.

Question

Quizplus · Accepted Answer

The most likely need for short-term financing for a department store such as Macy's will be to finance inventory purchases. As a retailer, Macy's must keep its shelves stocked with a wide variety of products to attract customers, and it often needs to purchase large quantities of inventory on credit. Short-term financing can provide the necessary funds to purchase inventory and can help ensure that the company has the products it needs to generate sales and profits.

For a Department Store Such as Macy's, the Most Likely