The financial manager of carolina graphics negotiated a with her bank that allows carolina to borrow up to $50,000 without collateral. this arrangement eliminates the need to renegotiate the terms of the loan and complete new paperwork each time carolina borrows money. the preapproved short-term loan agreement is contingent upon the bank having the funds available.
a. line of credit b. factor agreement c. cash flow conversion d. renewable income option

LINE OF CREDIT

Explanation: Line of credit can be defined as the credit source to individuals, banks and governments that is offered by banks. Under this method the bank agrees to borrow money to a certain amount and the borrower has to pay interest on the amount borrowed.

In the given case, the manager has negotiated a certain level of borrowing limit hence it is definitely a line of credit.

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- love what you do.

- the worst thing that could happen might turn out to be the best thing that could happen.

- follow your heart and trust it knows where it's going.