Question 12 1 pts A revolving credit agreement is: created because of recurring short-term liabilities such as wages and taxes that change spontaneously with operations an outright sale of receivables, an unsecured, short-term promissory note issued by large, financially sound firms to raise funds. the name of the credit that is created when one fim ys on credit from another firm. a formal, committed arrangement in which a bank agrees to lend up to a specified maximum amount of funds during a designated period. Question 11 1 pts Based on its existing sales, what is the formula for calculating the full-capacity sales of a firm? Full-capacity sales = Future sales level - Percent of capacity used to generate existing sales level Full-capacity sales = Existing sales level - Percent of capacity used to generate existing sales level Full-capacity sales - Existing sales level - (1 - Percent of capacity used to generate existing level of assets) Full capacity sales Future sales level (1 + Percent of capacity used to generate existing level of assets) Full-capacity sales - Future sales level (1 - Percent of capacity used to generate existing sales level)