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kvv77 [185]
3 years ago
7

Because it is normally unsecured, commercial paper is only offered by firms with no credit ratings. True False

Business
1 answer:
Valentin [98]3 years ago
6 0

Answer:

False

Explanation:

The above statement is false that , because it is normally unsecured , commercial paper is only offered by firms with no credit ratings.

Commercial paper is an unsecured promissory note issued by the good reputed companies .  It is for short term . The time period of commercial paper is 15 days to 12 months .

A company cannot issue commercial paper if the credit rating is no longer . The face value of commercial paper is of rupees five lakh . It is minimum face value. The rates of commercial paper is usually cheaper . The commercial paper is liquid because of its less risk quality.

The commercial paper also provide<em> exit option to the investors </em>. They also reduce the cost of capital for the company. They are <em>very effective</em> for those who need<em> money in urgent</em> as they are quick way for raising money.

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2 years ago
Which of the following is TRUE regarding unexpected expenses?
kaheart [24]

Answer:

They should be planned for.

Explanation:

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2 years ago
Which of the following statements are TRUE about credit scores?
Andreas93 [3]
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3 0
3 years ago
Read 2 more answers
Identify each account as asset​ (a), liability​ (l), or equity​ (e).
posledela

Identify each account as Asset (A), Liability (L), or Equity (E)

A. Accounts Payable - liability

B. Cash - asset

C. Owners Capital- Equity

D. Accounts Receivable- asset

E. Rent Expenses - equity

F. Service Revenue - equity

G. Office Supplies - asset

H. Owners Withdrawal - equity

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J. Salaries Expenses -equity

<span> </span>

4 0
3 years ago
A manufacturing company producing medical devices reported $59 million in sales over the last year. At the end of the same year,
kaheart [24]

Answer:

The inventory TO is 3.6875

Explanation:

\frac{Sales}{Average Inventory} = $Inventory Turnover

​where:

$$Average Inventory=(Beginning Inventory + Ending Inventory)/2

Considering there is not sufficient information to calculate the begining inventory <u>we are going to work only with the ending inventory </u>so:

\frac{59,000,000}{16,000,000} = 3.6875

The inventory TO is 3.6875 This means the company sales their inventory almost 4 times per year.

4 0
3 years ago
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