You are working on your company's cash budget for the coming year and you believe there may be short periods of time where financing is required.Which of the following sources of short-term financing is most certain to be available when needed?

Question

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A revolving credit agreement with a bank provides a company with a guaranteed line of credit up to a certain amount. This means the company can draw on the funds at any time up to the limit, making it the most certain source of short-term financing when needed.

You Are Working on Your Company's Cash Budget for the Coming