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How the store best course of action is to

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Question 1: A retail toy store (which is a proprietary company) places a large order for toys to be sold during the lead-up to Christmas. The toys are delivered in mid-October for payment by 30 November. The store will have insufficient funds to pay the invoice until close of business Christmas Eve. The store's best course of action is to:

Select one:

a. lay-off staff to save on wages.

b. arrange a short-term financing facility.

c. delay payment until the New Year.

d. issue more shares to raise extra cash

Reference no: EM132574350

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