Multiple Choice
A firm has a serious cash shortage due to the growing investment in accounts receivable.If this firm is incapable of dealing with such a high level of receivables,how would it likely benefit most?
A) by securing any short-term credit with a blanket inventory lien
B) by factoring its receivables
C) by applying for a line of credit
D) by pledging its receivables on a short-term loan
Correct Answer:
Verified
Correct Answer:
Verified
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