In April 1965, Berkeley Heights Shopping Center leased 11,514 square feet of space to A&P Supermarkets. Under the terms of the lease, Berkeley agreed not to lease any other shopping center space to another grocery store. On April 16, 1977, A&P informed Berkeley that it was ceasing operations and subleasing the premises to Drug Fair, a modern drugstore chain that sells foodstuffs. In 1985, Berkeley sought to lease other space in the center to another grocery store, and Drug Fair objected on the grounds of the covenant not to compete. Berkeley maintains the covenant only applies when the premises Drug Fair occupies are used as a grocery store operation. Who is correct?

Neveready flashlights inc. needs $317,000 to take a cash discount of 3/15, net 70. a banker will loan the money for 55 days at an interest cost of $13,200. a. what is the effective rate on the bank loan? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) b. how much would it cost (in percentage terms) if the firm did not take the cash discount but paid the bill in 70 days instead of 15 days? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) c. should the firm borrow the money to take the discount? no yes d. if the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $317,000? e-1. what would be the effective interest rate in part d if the interest charge for 55 days were $7,200?

Match the given situations to the type of risks that a business may face while taking credit. 1. beta ltd. had taken a loan from a bank for a period of 15 years, but its sales are gradually showing a decline. 2. alpha ltd. has taken a loan for increasing its production and sales, but it has not conducted any research before making this decision. 3. delphi ltd. has an overseas client. the economy of the client’s country is going through severe recession. 4. delphi ltd. has taken a short-term loan from the bank, but its supply chain logistics are not in place. a. foreign exchange risk b. operational risk c. term of loan risk d. revenue projections risk

In microeconomics, the point at which supply and demand meet is called the blank price