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Fudgin [204]
3 years ago
6

A revolving credit agreement is a formal line of credit. The firm must generally pay a fee on the unused balance of the committe

d funds to compensate the bank for the commitment to extend those funds. a. True b. False
Business
1 answer:
Shalnov [3]3 years ago
8 0

Answer:

a. True

Explanation:

A revolving credit agreement is a line of credit, that is, a default limit that a firm can use to borrow money as much as possible until this limit is reached. The firm will have to pay the bank for a commitment to lend or extend such funds. The bank will also put some factors about the firm's ability to pay into consideration before revolving credit can be used.

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Answer:

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Jenna isn’t sure if she should buy an extended warranty for her new laptop. Use the PACED decision-making process to help her de
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Criteria:
Practical and cost saving in the long-run

Evaluate Alternatives:
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Decision:
BUY EXTENDED WARRANTY
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