A company has a $10,000 line of credit with a bank. The line of credit calls for an interest rate of 10 percent and a compensating balance of 5 percent. This firm needs $5,000 to pay for the inventory. a) How much does the firm need to borrow from the bank? b) What is the effective interest rate if the firm uses this line of credit with the compensating balance?
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How will firms solve the problem of an economic surplus a. decrease prices to the market equilibrium price b. decrease prices so they are below the market equilibrium price c.increase prices
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12. to produce a textured purée, you would use a/an a. food processor. b. wide-mesh sieve. c. immersion blender d. food mill. student a incorrect which is correct answer?
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Robert owns a life insurance policy that he purchased when he first graduated college. it has a $100,000 death benefit and robert pays premiums for it every month out of his checking account. the insurance robert has is most likely da. permanent life insurance o b. term life insurance o c. group life insurance o d. individual life insurance
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What are the weak points of economic costs that are part of a free enterprise economy?
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A company has a $10,000 line of credit with a bank. The line of credit calls for an interest rate of...
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