Business, 27.05.2021 04:50, HeartfeltDream12
Hardy Company must maintain a compensating balance of $50,000 in its checking account as one of the conditions of its short-term 6% bank loan of $500,000. Hardy's checking account earns 2% interest. Ordinarily, Hardy would maintain a $20,000 balance in the account for transaction purposes. What is the loan's approximate effective interest rate
Answers: 2
Business, 22.06.2019 20:00, adriannacomrosenbark
Modern firms increasingly rely on other firms to supply goods and services instead of doing these tasks themselves. this increased level of is leading to increased emphasis on management.
Answers: 2
Business, 22.06.2019 20:40, nikolas36
Aggart technologies is considering issuing new common stock and using the proceeds to reduce its outstanding debt. the stock issue would have no effect on total assets, the interest rate taggart pays, ebit, or the tax rate. which of the following is likely to occur if the company goes ahead with the stock issue? a. the roa will decline. b. taxable income will decline. c. the tax bill will increase. d. net income will decrease. e. the times-interest-earned ratio will decrease
Answers: 1
Business, 23.06.2019 21:30, naeter
After working for stafford automotive group as an automotive technician for the last 4 years, stan was promoted to the position of service manager. he now oversees the work of the other automotive technicians and shop attendants, is responsible for training them, and manages the parts inventory. stan would be considered a(n) manager.
Answers: 2
Hardy Company must maintain a compensating balance of $50,000 in its checking account as one of the...
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