Business
Business, 27.07.2021 21:50, 4tazaouiamine1r

Marlow has arranged with its bank for a ​$ loan secured by its accounts receivable. The bank has agreed to advance Marlow percent of the value of its pledged receivables at a rate of percent plus a percent fee based on all receivables pledged.​ Marlow's receivables average a total of​ $1 million​ year-round. b. An insurance company has agreed to lend the ​$ at a rate of percent per​ annum, using a loan secured by​ Marlow's inventory of salad oil. A​ field-warehouse agreement would be​ used, which would cost Marlow ​$ a month.

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Marlow has arranged with its bank for a ​$ loan secured by its accounts receivable. The bank has agr...

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