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
11. (-/1 Points] DETAILS BRECMBC9 5.11.010.
Lisa [10]

Answer:

2190 ; 2560 ;

$778.2

Explanation:

Total worth of gasoline sold = 16003.50

Cost of regular = 3.30

Cost of premium = 3.45

Let :

premium Gallon sold = x

Regular gallon sold = 370 + x

Hence, mathematically;

(3.45*x) + (3.30 * (x + 370)) = 16003.50

3.45x + 3.30x + 1221 = 16003.50

6.75x = 16003.50 - 1221

6.75x = 14782.5

x = 14782.5 / 6.75

x = 2190

Premium Gallon sold = 2190 gallons

Regular gallon sold = 2190 + 370 = 2560 gallons

Profit per regular gallon sold = $0.15

Progit per premium Gallon sold = $0.18

Total profit = (2190 * 0.18) + (2560 * 0.15) = $778.2

7 0
3 years ago
Using the fixed-time-period inventory model, and given an average daily demand of 75 units, 10 days between inventory reviews, 2
viva [34]

Answer:

a. 863

Explanation:

Calculation for the order quantity

Order quantity = 75 x (10 + 2) + (1.64 x 8) - 50

Order quantity = (75 x 12) + (1.64 x 8) - 50

Order quantity= 900 + 13.12 - 50

Order quantity= 863.12

Order quantity = 863

Therefore the Order quantity will be 863

8 0
3 years ago
Is there a potential problem if governments continually finance goods and services by borrowing money ? A.Yes, it is unconstitut
frosja888 [35]
The answer is B,"Yes, eventually their debts must be repaid with interest.

4 0
3 years ago
Read 2 more answers
The person most qualified to assess the overall risk in a work package activity in a project is the:
WINSTONCH [101]
<span>The person most qualified to assess the overall risk in a work package activity in a project is the team member and / or line manager.
The team member cannot be the only one who will assess such risks - he will need to be accompanied by the line manager, or the manager can do it on his own. PR and sponsors do not deal with such actions - PR deals with public relations, and sponsors with giving money.
</span>
4 0
4 years ago
What explanations have economists offered for why firms​ don't raise prices when doing so would seem to increase​ profits? Firms
motikmotik

Answer: To keep the customer base

Explanation: The consumers find it unfair when the firms increase their prices continuously even though there was an increase in demand from the last increase in price.

Although, Customers do not mind when the prices are increased due to an increase in cost to the supplier. Therefore,unnecessary increase in price might result in loss of popularity of the product and further the loss of customer base.

That's the reason why firms do not increase their prices even though it will increase their profits.

8 0
3 years ago
Other questions:
  • Ben and Sam Jenkins formed a partnership. Ben contributed $8,000 cash and a used truck that originally cost $35,000 and had accu
    15·1 answer
  • Countries, such as South Korea and Singapore, now view foreign investment as:_________
    15·1 answer
  • In the context of the sociological perspectives on groups and organizations, _____ contend that organizations promote inequality
    12·1 answer
  • You’re a career counselor for Tim, an air conditioner unit installer who is depressed because he sees his career as going nowher
    6·1 answer
  • A nation's productivity is directly affected by what?
    5·1 answer
  • An economy has three sectors producing products:
    12·1 answer
  • Pepper Inc.’s common stock currently sells for $15.00 per share, the company expects to pay $1.925 dividend in the coming year a
    7·1 answer
  • . If you are in a position to advise a Western company that was considering doing business in Saudi Arabia for the first time, w
    10·1 answer
  • Jensen Automotive produces alternators for American-made cars. They generally use a static budget with the following costs based
    11·1 answer
  • which factor in the business environment does be wiser need to address in order to stay abreast minimum wage
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!