Businesses need to invest in inventories & receivables before they can generate and collect revenues from customers. ... Firms use the working capital loans to cover operating expenses during the production and sales cycles and then use proceeds from the collection cycle to pay down the loan.
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Answer:
Businesses need to invest in inventories & receivables before they can generate and collect revenues from customers. ... Firms use the working capital loans to cover operating expenses during the production and sales cycles and then use proceeds from the collection cycle to pay down the loan.
Explanation:
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