As the Chief Financial Officer (CFO) for a Medium-Sized Service

question 7

True/False

As the chief financial officer (CFO) for a medium-sized service company, Cora is concerned about the possibility of temporary cash shortages. Given the irregular cash flows from seasonal sales, she wants to ensure that her company's bank will provide adequate funds to cover any potential cash flow problem. The best strategy to ease Cora's concern would be to arrange a revolving credit agreement with the bank.

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