Business, 28.11.2019 06:31, vrentadrienneoqug1a
Abank offers your firm a revolving credit arrangement for up to $86 million at an interest rate of 2.15 percent per quarter. the bank also requires you to maintain a compensating balance of 2 percent against the unused portion of the credit line, to be deposited in a non-interest-bearing account. assume you have a short-term investment account at the bank that pays 1.50 percent per quarter, and assume that the bank uses compound interest on its revolving credit loans.
a. what is your effective annual interest rate (an opportunity cost) on the revolving credit arrangement if your firm does not use it during the year?
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 03:30, clevelandjaniya1
Sarah salesrep is brand new to her job selling "lifetime" printers that never need replacement ink cartridges. the problem is that these printers cost ten times more than a regular printer, so it is difficult to get prospective buyers to understand the cost savings of buying it. to break through the barrier and begin making sales, sarah should use a analysis that highlights her printer's lower cost.
Answers: 3
Business, 22.06.2019 11:00, cedricevans41p4j3kx
The following information is available for ellen's fashions, inc. for the current month. book balance end of month $ 7 comma 000 outstanding checks 700 deposits in transit 4 comma 500 service charges 120 interest revenue 45 what is the adjusted book balance on the bank reconciliation?
Answers: 2
Business, 23.06.2019 01:20, daijafoster0
Petra contracted to paint bret’s house for $2,000. after beginning the job, petra realizes that the house is really quite big, and she’s not going to make enough profit, so she tells bret she wants another $500 to finish the job. bret doesn’t want to pay more, but he’s afraid that if she walks off the job, he’ll have trouble finding someone else to finish it, so he agrees. is bret legally obligated to pay the extra $500?
Answers: 2
Business, 23.06.2019 02:00, Trumpman137
In his speech on varying explanations of how the earth came into existence, eduardo begins with opinions, moves to inferences, and uses scientific facts in support of his last point. what principle of supporting material organization is eduardo utilizing in his speech?
Answers: 3
Do you know the correct answer?
Abank offers your firm a revolving credit arrangement for up to $86 million at an interest rate of 2...
Questions in other subjects:
Social Studies, 19.10.2019 06:50
English, 19.10.2019 06:50
Mathematics, 19.10.2019 06:50
English, 19.10.2019 06:50
Mathematics, 19.10.2019 06:50
Mathematics, 19.10.2019 06:50
