Pyramid Products Company has a revolving credit agreement. The company can borrow up to $1 million at an annual interest rate of 9%. Pyramid is required to maintain a 10% compensating balance on any funds borrowed and to pay a 0.5% commitment fee on the unused portion of the credit line. Assume that Pyramid has no funds in the account at the bank that can be used to meet the compensating balance requirement. Determine the annual financing cost of borrowing when borrowing $250,000 under the credit agreement.

Why should you not sign the tenant landlord agreement quickly and immediately

The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?

Amap from a trade development commission or chamber of commerce can be more useful than google maps for identifying