Scotch inc. arranged a $7,000,000 revolving credit agreement with a group of banks. the firm paid an annual commitment fee of 0.5% of the unused balance of the loan commitment. on the used portion of the revolver, it paid 1.5% above prime for the funds actually borrowed on a simple interest basis. the prime rate was 8% during the year. if the firm borrowed $6,000,000 immediately after the agreement was signed and repaid the loan at the end of one year, what was the total dollar annual cost of the revolver? show your calculations, if any, and explain your answer.
Answers: 3
Business, 21.06.2019 23:10, SmokeyRN
Kando company incurs a $9 per unit cost for product a, which it currently manufactures and sells for $13.50 per unit. instead of manufacturing and selling this product, the company can purchase product b for $5 per unit and sell it for $12 per unit. if it does so, unit sales would remain unchanged and $5 of the $9 per unit costs assigned to product a would be eliminated. 1. prepare incremental cost analysis. should the company continue to manufacture product a or purchase product b for resale? (round your answers to 2 decimal places.)
Answers: 1
Business, 22.06.2019 11:20, jaideeplalli302
You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?
Answers: 1
Business, 22.06.2019 19:40, Animallover100
Best burger is a major fast food chain. its managers are motivated to grow the firm in order to increase their market power and change the industry structure in their favor. which of the following strategies is most associated with their motive for growth? a. employing celebrity spokespeople b. implementing automated burger-making machinery c. purchasing competitors d. increasing executive salaries
Answers: 3
Scotch inc. arranged a $7,000,000 revolving credit agreement with a group of banks. the firm paid an...
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