Steve has estimated the cash inflows and outflows for his hardware store for next year. The report that he has prepared recapping

Steve has estimated the cash inflows and outflows for his hardware store for next year. The report that he has prepared recapping these cash flows is called a:    A.  pro forma income statement. B.  sales projection. C.  cash budget. D.  receivables analysis. E.  credit analysis. Refer to section 18.4

10.	Taylor Supply has made an agreement with its bank that it can borrow up to $10,000 at any time over the next year. This arrangement is called a(n):    A.  floor loan. B.  open loan. C.  compensating balance. D.  line of credit. E.  bank note. Refer to section 18.5

11.	Money deposited by a borrower with the bank in a low or non-interest-bearing account as a condition of a loan agreement is called a:    A.  compensating balance. B.  secured credit deposit. C.  letter of credit. D.  line of credit. E.  pledge. Refer to section 18.5

12.	Brustle's Pottery either factors or assigns all of its receivables to other firms. This is known as:    A.  accounts receivable financing. B.  pledged financing. C.  capital funding. D.  daily funding. E.  capital financing. Refer to section 18.5