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Seasonal sales fluctuations

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Reference no: EM132015783

As we know Commercial Paper is a written instrument or document such as a check, draft, promissory note, or a certificate of deposit, that manifests the pledge or duty of one individual to pay money to another. In a nutshell they are unsecured IOU's (I owe you). So how might a firm use commercial paper as a way to deal with seasonal sales fluctuations (low sales period)?

Reference no: EM132015783

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