A firm needs to raise cash and at the same time reduce the level of its accounts receivable. This firm would likely benefit most by _______________.
A) Obtaining an unsecured short-term loan.
B) Applying for a committed line of credit.
C) Assigning its receivables on a short-term loan.
D) Factoring its receivables.
E) Securing any short-term credit with a blanket inventory lien.
Correct Answer:
Verified
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