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Sand Key Development Company estimates that it will generate an operating income of $7.25 million. Which financing option should Sand Key use?
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Sand Key Development Company estimates that it will generate an operating income of $7.25 million. Which financing option should Sand Key use?

User Trevan
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1 Answer

5 votes

Answer: debt financing option

Step-by-step explanation:

Debt financing is a way by which an economic agent such as the individual, firm or the government gets enough money in order to meet a particular need.

Debt financing can be through loans from family and friends, personal loans, bank loans, credit cards etc. Since Sand Key Development Company estimates that it will generate an operating income of $7.25 million, the company can use debt financing.

User Pylang
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