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Mnenie [13.5K]
4 years ago
12

Commercial bank term loans:

Business
1 answer:
boyakko [2]4 years ago
7 0

Answer:

c) are very short-term in nature and are offered to superior credit applicants.

Explanation:

Commercial bank term loans are most often used for short-term funding needs and granted to creditworthy applicants only.

The loan interest may be fixed or floating subject to applicants’ choices.

(a) Is correct but not enough compared to (c)

(b) Is not correct because it can carry floating rate also

(c) Totally correct in term of length and applicant

(d) Is correct but not enough compared to (c)

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Laura says that the present value of $700 to be received one year from today if the interest rate is 6 percent is less than the
Andrews [41]

Answer:

The correct answer is A. Both Laura and Cassie are correct.

Explanation:

Since Laura says that the present value of $ 700 to be received one year from today if the interest rate is 6 percent is less than the present value of $ 700 to be received two years from today if the interest rate is 3 percent, and Cassie says that $ 700 saved for one year at 6 percent interest has a smaller future value than $ 700 saved for two years at 3 percent interest, to determine who is right, the following calculations must be performed:

700 x 1.06 = 742

700 x 1.03 ^ 2 = 742.63

Therefore, both Laura and Cassie are correct in their claims.

5 0
3 years ago
Pine Corp. produces three products, and currently has a shortage of machine hours since one of its two machines is down. The sel
yulyashka [42]

Answer:

product B

Explanation:

The computation is shown below;

<u>Particulars           Product A          Product B             Product C </u>

Selling Price            $5.00                $3.00                  $5.00

Less: Variable cost per unit ($3.50)   ($2.00)               ($2.00)

Contribution per unit     $1.50               $1.00                $3.00

Machine hours per unit   0.75                 0.25                    1

Contribution per machine hour $2.00   $4.00            $3.00

                                         ($1.50 ÷ 0.75)  ($1.00 ÷ 0.25)   ($3.00 ÷ 1)

The product B should be produced as it has the highest contribution per machine hour

6 0
3 years ago
Cheapo Corporation sells products that are poorly made. Marcia, who has never bought a Cheapo product, files a suit against the
galina1969 [7]

Answer:

standing

Explanation:

Standing -

It refers to the situation , when the party who has filed the complaint on the court is not able to show any proof for the case filed , is referred to as standing .

It refers to the type of some medical report , any eye witness ,or any clue or proof against the other party , can be provided to the court .

Hence , from the given scenario of the question ,

The correct term is standing .

3 0
3 years ago
According to economists Alchian and Demsetz, firms are formed when
ycow [4]

Answer:A

Explanation:This question is self explanatory,Alchian and Demsetz are of the options that firms involves a group of people coming to produce goods which brings about greater output than that of individuals .Their focus was mainly on team production in analysing the theory of firms rather than output per individual

3 0
3 years ago
Read 2 more answers
Paving LLC is a foreign limited liability company in the state of Ohio. In dealing with Paving, Ohio will apply the law of the s
k0ka [10]

Answer: B. Was formed

Explanation:

Limited liability companies that are doing business in the states other than the states that they registered originally may have to seek the status of foreign LLC in such states.

Therefore, since Paving LLC is a foreign limited liability company in the state of Ohio. In dealing with Paving, Ohio will apply the law of the state where the firm was formed. Therefore, the correct option is B.

5 0
3 years ago
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