What do short$-$term forecasts predict?

Multiple Choice

capital expenditures for the next five years

future profit potential of different strategic plans and their tax implications

revenues, costs, and expenses for the coming year

future performance of the firm's new products

A popular local wedding venue brings many visitors to the community. The owner, Adolfo, worked with a local bank to establish a

This

unsecured source of funds was available for Adolfo to tap into if he needed immediate funds for the business. He liked the fact that he had a cushion

and only used it if he fell short of funds.

Multiple Choice

trade credit

revolving credit agreement

line of credit

promissory note