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
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

You might be interested in
You decide to spend some time visiting the store and talking with both the manager and the employees to get a feel for what the
saul85 [17]

Shandra is very direct <u>responsive.</u>

<u>Explanation:</u>

To get to know what the organisation or the business is going through, what problems it has to deal with, what are the causes of the poor results that have been shown by the organisation, it would be best if the employees working in the organisation or in the business are asked questions about.

The employees should be asked to be as much responsive as possible so that problems can be brought up and they can be solved as soon as the possible by finding the best solution possible.

6 0
3 years ago
Value Electronics, Inc. started its operations on January 1, 2019.
elixir [45]

Answer:

The first step in operating cycle would be to purchase inventory from vendors.

The correct answer is D

Explanation:

The steps involved in operating cycle includes:

1. Purchase of inventory from vendors

2. Sale of goods to customers

3. Recording of sales in accounts                                                    

4. Collection of cash from customers                                

3 0
3 years ago
Information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes pa
maksim [4K]

Answer: Business intelligence

Explanation: Business intelligence is a term used to describe the strategic steps taken to obtain or collect data,carry out the analysis of the data analysis, showing trends, patterns and relationship between factors, treatments and other considerations before making business decisions. Business intelligence is all in modern business processes to adequately explore the advances in technology for Business decisions making.

7 0
3 years ago
Joe and Michelle have a partnership firm. Based on the income-based method of calculating GDP, what category is the income earne
tekilochka [14]

Answer: B) employee’s compensation.

The income approach to measure gross domestic product or GDP starts with the income earned (wages plus plus rents plus interest plus profits) from the production of goods and services.

Based on the income-based method of calculating GDP, income or wages earned by Joe and Michelle for being partners can be categorized under B) employee’s compensation.


3 0
2 years ago
Hurricane Industries had a net income of $129,650 and paid 40 percent of this amount to shareholders in dividends. During the ye
oksano4ka [1.4K]

Answer:

a. 28390

Explanation:

Stockholders cash flow is the net of cash inflows from stockholders and cash outflows to stockholders.

Net Income = $129,650

Payout Ratio = 40%

Cash outflow

Amount of Dividend Paid = $129,650 x 40% = $51,860

Cash Inflow

Common stock issue = $80,250

Net Stockholder's cash flow = $80,250 - $51,860

Net Stockholder's cash flow = $28,390

8 0
2 years ago
Read 2 more answers
Other questions:
  • On February 1, 2021, Miter Corp. lends cash and accepts a $1,000 note receivable that offers 12% interest and is due in six mont
    8·1 answer
  • An investor buys 100 shares of a $40 stock that pays an annual cash dividend of $2 a share (a 5 percent dividend yield) and sign
    15·1 answer
  • Strategic business units that have a relatively low market share but have the potential to grow are best categorized under _____
    7·1 answer
  • An investment had a nominal return of 9.7 percent last year. The inflation rate was 2.7 percent. What was the real return on the
    14·1 answer
  • Show the total cost expression and calculate the EOQ for an item with holding cost rate 18%, unit cost $8.00, annual demand of 4
    15·1 answer
  • Bonita Industries applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the und
    7·1 answer
  • On January 1, 2021, Ivanhoe Corporation signed a 10-year noncancelable lease for certain machinery. The terms of the lease calle
    10·1 answer
  • HAWT................................................
    5·1 answer
  • Gutierrez Company reported net income of $196,100 for 2020. Gutierrez also reported depreciation expense of $47,400 and a loss o
    13·1 answer
  • The following details relate to the main process of W Limited, a chemical manufacturer: Opening work in progress ............200
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!