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saul85 [17]
3 years ago
14

A ________ is a lending tool the company can use to draw money as needed at a specified rate of interest, for a specified amount

of time, paying on the actual amount owed instead of a closed-end note.
Business
2 answers:
andrew-mc [135]3 years ago
8 0

Answer: Line of credit

Explanation:

A line of credit is a credit facility that is extended by a financial institution e.g a bank to an individual, firm or government, that enables the economic agent to draw on the credit facility when the individual or firm needs funds.

A line of credit takes different forms, such as demand loan, discounting, overdraft limit, export packing credit, special purpose,  term loan, purchase of commercial bills etc. The line of credit is a source of funds that can be used at the discretion of the borrower. Lines of credit can either be unsecured or secured by collateral.

Norma-Jean [14]3 years ago
3 0

Answer:

The correct word for the blank space is: line of credit.

Explanation:

Line of credit refers to the maximum amount an individual or organization has available in a credit card or loan. It is determined by the credit history of the borrower implying the higher the income of the individual or organization, the higher the line of credit.  

Withdrawing money from a line of credit implies paying an interest rate for a determined amount of time in addition to the principal of the loan. The term is usually determined by the borrower at the moment of purchasing.

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The best supplier will depend on the type of business. Explain how a business that specializes in supplying plumbers would have
IgorLugansk [536]

Answer:

the $$$ of the different thing will play a big part

7 0
3 years ago
If an advertisement is affiliated with a website's content, what might that suggest?
Zanzabum

Answer:

It suggests that the advertisement financially supports the website  ( C )

Explanation:

Affiliation is the official attachment of businesses with common interest wherein one party controls or is in-charge of the business relationship between the parties. in some cases a third party might be in control as well.

The information found on an advertisement that is affiliated with a website content shows that the advert and the website are in business together hence the advert supports the website financially, because the details contained in the advert might be drawn from the contents of the websites.

5 0
3 years ago
"When Jiffy-Pop packaged its popcorn in an aluminum skillet, complete with attachable handle, it designed the package to become
user100 [1]

<u>Answer:</u>

Jiffy-Pop’s popcorn, in this case, is an example of <u>innovative packaging.</u>  

<u>Explanation:</u>

The days have passed when packaging is merely a means to secure and label an item. These basic tasks must be performed by packaging in a successful product, however the effect of packaging is progressively higher. It's often appropriate to create many design elements in tandem, so that they are the best and most efficient packages within the project's objectives and limitations.

A new update or innovation may attract customers who are searching for economic benefit or who think they have an unsatisfied need or want. In the case of Jiffy-Pop, the customer need not to buy a skillet and a bowl to cook and place the popcorn, in fact both these functions are performed by the outer innovative packaging done by the Jiffy-Pop’s popcorn itself. Thus, customers tend to buy this product more compared to others.

8 0
3 years ago
What is the rate at which one currency is converted to another currency called?
n200080 [17]
My answer would be C ''Foreign Exchange Rate''.
4 0
3 years ago
Read 2 more answers
The following cost data relate to the manufacturing activities of Chang Company during the just completed year:
Elza [17]

Answer:

Amount of underapplied or overapplied overhead cost for the year

$97000 - Underapplied

Schedule of cost of goods manufactured for the year

Direct Material                                3885000

Direct Labor                                      60000

Overheads                                       376000

Total Manufacturing Costs             4321000

Add Opening Inventory WIP           400000

Less Closing Inventory WIP            (700000)

Cost of Goods Manufactured         4021000

Explanation:

Amount of underapplied or overapplied overhead cost for the year

Underapplied or Overapplied overhead cost =Actual Overhead - Applied Overhead

$473000-$376000= $ 97000

Schedule of cost of goods manufactured for the year

<em>Direct Materials  Calculation  </em>                                  

Opening                                                      200000

Add Purchases                                         4000000

Available                                                    4200000

Less Closing Material                                 300000

Materials Consumed                                  3900000

Less Indirect Materials                                 15000

Direct Materials Consumed                       3885000

8 0
3 years ago
Read 2 more answers
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