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Misha Larkins [42]
3 years ago
9

A construction firm cannot obtain the necessary permits to begin building a shopping mall until it can show it either has or wil

l have the necessary funding to complete the project. The firm may ask a bank for which of the following to allow it to obtain the permits? (I) Commercial letter of credit (II) Loan commitment (III) Credit line (IV) Repurchase agreement
Business
1 answer:
Crazy boy [7]3 years ago
8 0

Answer: Loan commitment or credit line

Explanation: A loan commitment refers to a promise under which the lender commit to provide a loan of a specified amount to the borrower. Similarly, a credit line refers to the amount of money that a credit card holder can use from that account.

In the given case, the construction firm wants to show that they can have necessary funding. Thus, they can use above tools to show that they have the back of banks in case of providing funding.

Thus, the correct option is C or D .

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Answer:

True

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You should always treat others the way you want to be treated.  If you were the one who could be treated badly, would your actions be different?

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The amount that the company should include in the current liability section of the balance sheet is $16,000

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The short-term debt that the company is refinancing with long-term debt is non-current and  deferred tax liability arising from depreciation is also non-current and should be disclosed as such in the Balance sheet after the sub-heading long-term borrowings.

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3 years ago
How do I persuade people to buy my chocolates?
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The partnership of Brandon and Ryan is being liquidated. All gains and losses are shared in a 3:1 ratio, respectively. Before li
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a. 
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Ryan:
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6 0
4 years ago
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Wild Trails Inc., an adventure resort in Texas, has 500 shares of outstanding common stock and has not issued any preferred stoc
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Answer:

$55

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