Timini Inc., a beverage company, wants to produce a new health drink. It borrows money from Maverk Bank to finance the development. The bank mandates Timini Inc. to return the amount with interest in a regular schedule of fixed payments. Which of the following sources of long-term funds is being used by Timini Inc. in the given scenario?
a. Commercial paper
b. A term loan
c. A line of credit
d. Trade credit

Question

03-03-2020
Business

contestada

Timini Inc., a beverage company, wants to produce a new health drink. It borrows money from Maverk Bank to finance the development. The bank mandates Timini Inc. to return the amount with interest in a regular schedule of fixed payments. Which of the following sources of long-term funds is being used by Timini Inc. in the given scenario?
a. Commercial paper
b. A term loan
c. A line of credit
d. Trade credit

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sebastiansierraocm sebastiansierraocm · Answer 1 · 2020-03-08T01:29:23+01:00

sebastiansierraocm sebastiansierraocm

08-03-2020

Answer:

b. A term loan

Explanation:

A term loan is a type of loan that has a series of fixed payments with an interest rate, which can also be fixed, or unfixed.

The word fixed payment means that the payments have a specific date in which to be made.

In this case, Timini Inc is using a term loan to finance its operation because the bank mandates Timini Inc to return the borrowed amount with a regular schedule of fixed payments.

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