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PSYCHO15rus [73]
3 years ago
5

A line of credit can be either a formal or an informal agreement between a borrower and a bank regarding the maximum amount of c

redit the bank will extend to the borrower during some future period, assuming the borrower maintains its financial strength.A. True
B. False
Business
1 answer:
Nata [24]3 years ago
8 0

Answer:

A. True

Explanation:

The line credit is a loan in which the limit is set by the bank. It can be in formal or an informal agreement which is done between the financial institution and borrower.

In this,  the time period is mentioned at which the borrower returned back the money also the borrower paid the interest to the bank it also maintained the financial position of the borrower

Hence, the given statement is true

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A company is offering perpetual preferred stock (its dividend payments last forever) with a fixed annual dividend of $100. If yo
sukhopar [10]

Answer:

833.33

Explanation:

The fixed annual dividend is $100

The required rate of return on this investment is 12%

Therefore the value for each share can be calculated as follows

= 100/(12/100)

= 100/0.12

= 833.33

Hence the value for each share is 833.33

8 0
3 years ago
At UPS, a 12-step process prescribes how drivers should park their trucks, locate the package they are about to deliver, and ste
Alla [95]

Answer:

Programmed decision making

Explanation:

A programmed decision is one that is done by following already laid down rules and procedures. They are Carried out using formal patterns and the goals here are both clear and specific. These rules and routines in UPS are are a good example of how programmed decisions are done. As it can be seen on every aspect of their day to day business activities.

8 0
3 years ago
The 5 specific forces acting as stimulant for change
Serjik [45]

Answer:

1. Technology.

2. Social trends.

3. Economic shocks.

4. Political.

5. Nature of the workforce.

Explanation:

According to the amiable philosopher and mathematician, Alfred North Whitehead, "The art of progress is to preserve order amid change and to preserve change amid order."

The 5 specific forces acting as stimulant for change in an organization or business environment are;

1. Technology: it is a major external force, organizations should make use of new technologies, so as to maximize efficiency and increase productivity.

2. Social trends: social media changes can bring individuals together and influence their interests to share opinions, cultures perception and ideas.

3. Economic shocks: indices of gross domestic products such as unemployment, acquisitions, bankruptcy, recession impacts an organization.

4. Political: government policies, regulations and restrictions such as tax, minimum wage etc can cause a change in a firm. Companies should ensure they are operating at top notch in the competitive market.

5. Nature of the workforce: they should be able to adapt or respond to economic activities, such as demographic, immigration, multicultural society, etc.

Change agents in an organization are individuals acting as catalysts by assuming responsibilities for managing any of the aforementioned specific forces acting as stimulant for change.

7 0
3 years ago
The total cost of an asset less its accumulated depreciation is called:
mars1129 [50]
Total cost of asset less depreciationThe book value of an asset is the original cost of the asset less its accumulated depreciation. At the end of year three, for example, total accumulated depreciation equals $7,080, and the book value equals $5,720.
7 0
3 years ago
What is the first thing you should do when a customer requests a sale item once you’ve determined that item is out of stock? Tel
ipn [44]

Answer:

Tell the customer when you store’s next delivery day is and to come back then Issue the customer a raincheck for the item that is out of stock

Explanation:

Customer<em> retention</em> is important as well as <em>meeting their specific needs</em>. It is unwise to turn back a customer and refer them to a competitor, this may mean loss of business (currently and in the future). Also it is unwise to offer a substitute item as this will not meet their needs (though you may want to inform them of the substitute item if they are interested).  Issue the customer a raincheck for the item that is out of stock is the best way to go and keep the business.

7 0
3 years ago
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