Business, 02.08.2019 22:10 gmaxgaming88
The financial manager of carolina graphics negotiated a with her bank that allows carolina to borrow up to $50,000 without collateral. this arrangement eliminates the need to renegotiate the terms of the loan and complete new paperwork each time carolina borrows money. the preapproved short-term loan agreement is contingent upon the bank having the funds available.
a. line of credit b. factor agreement c. cash flow conversion d. renewable income option
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