What is the best description of line of credit

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Reference no: EM131921770

1. What is the best description of a line of credit among the choices below?

a short-term loan secured by Inventory

a short term loan secured by Accounts receivable (A/R)

a long term bank loan that is committed

a short term bank loan that can be either committed or non-committed

2. If a company has finished projecting its expected cash receipts and expenditures for the following quarter, what do you call this projection?

Cash Budget

Payables Timeline

Receivables Schedule

Operating Projection

Reference no: EM131921770

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