Stefan Owns a Lumber Yard and Has a R500 000

Multiple Choice

Stefan owns a lumber yard and has a R500 000 purchase order from a construction company.His cost of goods sold for this order is R300 000.Because his company needs working capital, the most logical loan for the lumberyard would be to use ________.

A) an equipment-based loan.
B) factoring.
C) purchase order financing.
D) asset-based financing.