Jackson Plumbing,a medium sized company,wants to guarantee that it can obtain short-term funds to meet unexpected future cash needs.Which of the following strategies would best meet the financing needs of Jackson Plumbing? Financial managers at Jackson Plumbing should:
A) issue commercial paper as needed.
B) request that the firm's board of directors approve an issue of additional shares of common stock.
C) arrange with the firm's commercial bank a revolving credit agreement.
D) eliminate credit sales to improve their cash inflows and reduce the firm's investment in accounts receivable.
Correct Answer:
Verified
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