1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ratling [72]
3 years ago
14

The maturity of most bank loans is short term. Bank loans to businesses are frequently made as 90-day notes which are often roll

ed over, or renewed, rather than repaid when they mature. However, if the borrower's financial situation deteriorates, then the bank may refuse to roll over the loan.A. TrueB. False
Business
1 answer:
maks197457 [2]3 years ago
5 0

Answer:

A. True

Explanation:

Bank loans are generally short term for meeting the working capital needs, that depends upon the operating cycle of a company.

Usually that keeps on rotating and extending, as the banks keep on earning interest and the funds are usually not needed, this results in the constant support for business.

Further this facility is only provided to the clients who are performing good and that the clients are viable.

If the balance sheets of the client depicts that they are not financially viable then the bank do not extend the time limits and tries to recover the funds as soon as possible.

You might be interested in
Proposals L and K each cost $600,000, have 6-year lives, and have expected total cash inflows of $720,000. Proposal L is expecte
bulgar [2K]

Answer:

Year 4 50,000

Explanation:

4 0
3 years ago
A company has a process that results in 34000 pounds of Product A that can be sold for $8 per pound. An alternative would be to
serg [7]

Answer:

After calculating, we get to know that the Product A should be sell now because, it show a difference of $23,800 through which company can earn more in the future. As the company will be better off by $23,800

Explanation:

For calculation, following things need to be considered which is shown below:

1. Product A process costing = Pounds × Per pound price

                                            = 34,000 × $8

                                            = $272,000

2. Product A costing after selling = Pounds × sale price per pound

                                                   = 34,000 × $14

                                                   = $476,000

3. Difference of costing :

=  Product A costing after selling - Product A process costing

= $476,000 - $272,000

= $204,000

4. Invested amount = $227,800

5. Actual Difference = Invested amount - costing difference

                                  = $227,800 - $204,000

                                  = $23,800

After calculating, we get to know that the Product A should be sell now because, it show a difference of $23,800 through which company can earn more in the future. As the company will be better off by $23,800

8 0
3 years ago
Crane, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 50 range instruments a
grigory [225]

Answer:

Requirement: <em>Determine the overhead rate for each activity "Materials handling, Machine setups, Quality inspections"</em>

<em />

Materials handling overhead rate = Total cost / Cost driver volume

Materials handling overhead rate = $30,000 / 1,000

Materials handling overhead rate = $30

Machine setups overhead rate = Total cost / Cost driver volume

Machine setups overhead rate = $23,750 / 475

Machine setups overhead rate = $50

Quality inspections overhead rate = Total cost / Cost driver volume

Quality inspections overhead rate = $19,000 / 475

Quality inspections overhead rate = $40

4 0
2 years ago
On December 31, the Accounts Receivable ending balance is $80,000. Assume that the unadjusted balance of Allowance for Uncollect
kkurt [141]

Answer:

$6,100

Explanation:

Calculation to determine what The amount of bad debt expense recorded on December 31 will be:

Using this formula

Bad debt expense=(Estimated % of accounts receivable*Accounts Receivable ending +balance)+Unadjusted balance of Allowance for Uncollectible Accounts

Let plug in the formula

Bad debt expense=(7%*$80,000)+$500

Bad debt expense=$5,600+$500

Bad debt expense=$6,100

Therefore The amount of bad debt expense recorded on December 31 will be:$6,100

7 0
2 years ago
There are ____ members of the Federal Reserve Board of Governors. Which of the following contributes to making the Federal Reser
gregori [183]

Answer:B. It's role it's written into the US Constitution.

Government bonds, will buy

Explanation:

The writing of role in the construction will make it rather impossible to influence it's duties.

The sales and purchases of goverments bond it's used in influencing the money supply. When the money supply is to be reduce the federal reserves sale bond and when it's to be increase they purchase the

bond.

5 0
3 years ago
Other questions:
  • Which of the following is the BEST statement about marketing and selling?
    6·1 answer
  • 2017 2018
    14·1 answer
  • Jamie is considering leaving her current job, which pays $75,000 per year, to start a new company that develops applications for
    6·1 answer
  • Closing entries
    10·2 answers
  • A spreadsheet is
    12·1 answer
  • Businesses that are separated into two or more manageable units in which managers have authority &amp; responsibility for operat
    11·1 answer
  • Beginning inventory, purchases, and sales data for dvd players are as follows: november 1 inventory 120 units at $39 10 sale 90
    9·2 answers
  • Bank "A" is offering 2% interest and a $100 debit card on a newly opened savings account with a minimum balance of $1,000 for on
    14·2 answers
  • provide two reasons why public participation is important for people experiencing lack of basic services​
    10·1 answer
  • If the firm is facing the threat of trade barriers such as high import tariffs or quotas and the firm has proprietary technology
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!