Compensating balances
a. are a particular form of collateral commonly required on commercial loans.
b. allow banks to monitor firms' check payment practices, which can yield information about their borrowers' financial conditions.
c. are a required minimum amount of funds that a borrower (i. e., a firm receiving a loan) must keep in a checking account at the bank.
d. are all of the above.
Answers: 2
Business, 21.06.2019 22:50, carolineepoolee84
The winston company estimates that the factory overhead for the following year will be $1,250,000. the company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. the total machine hours for the year were 54,300. the actual factory overhead for the year were $1,375,000. determine the over- or underapplied amount for the year.
Answers: 1
Business, 22.06.2019 10:50, milliebbbrown
Bill dukes has $100,000 invested in a 2-stock portfolio. $62,500 is invested in stock x and the remainder is invested in stock y. x's beta is 1.50 and y's beta is 0.70. what is the portfolio's beta? do not round your intermediate calculations. round the final answer to 2 decimal places.
Answers: 2
Business, 22.06.2019 16:00, ella3714
Three pounds of material a are required for each unit produced. the company has a policy of maintaining a stock of material a on hand at the end of each quarter equal to 30% of the next quarter's production needs for material a. a total of 35,000 pounds of material a are on hand to start the year. budgeted purchases of material a for the second quarter would be:
Answers: 1
Business, 23.06.2019 00:40, sportie59
On june 3, teal company sold to chester company merchandise having a sale price of $2,600 with terms of 2/10, n/60, f. o.b. shipping point. an invoice totaling $91, terms n/30, was received by chester on june 8 from john booth transport service for the freight cost. on june 12, the company received a check for the balance due from chester company. prepare journal entries on the teal company books to record all the events noted above under each of the following bases. (1) sales and receivables are entered at gross selling price. (2) sales and receivables are entered at net of cash discounts.
Answers: 3
Compensating balances
a. are a particular form of collateral commonly required on commercial l...
a. are a particular form of collateral commonly required on commercial l...
Mathematics, 29.11.2020 20:50
Mathematics, 29.11.2020 20:50