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velikii [3]
3 years ago
8

A firm negotiates a(n) _________ with its bank. This arrangement gives the firm access to a specified amount of unsecured short-

term funds, provided the bank has the funds available.
Business
1 answer:
Vesna [10]3 years ago
7 0

Answer:

<u>Line of credit </u>

Explanation:

A line of credit refers to a mechanism of availing short term credit from banks whereby a borrower is provided with a preset limit till which funds can be availed anytime.

As the borrower repays the money borrowed, the line of credit gets restored to the previous level provided it is an open line of credit.

Line of credit specifies the maximum limit till which money can be borrowed. The rate of interest and repayment time period are decided by the lender which is usually a bank.

Borrower is usually supposed to pay interest upon the money actually borrowed and not the full limit of the line of credit.

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May i have the answer for this im not quite sure
atroni [7]

Answers

partner with branded companies to be featured  on their  

and publications

Explanation:

7 0
3 years ago
Read 2 more answers
Average fixed cost A. increases as output rises. B. remains constant as output rises. C. equals marginal cost for the first unit
nordsb [41]

Answer:

D

Explanation:

Average fixed cost = total fixed cost / output

Fixed cost is cost that does not vary with output.

for example electricity tariff

for example, total fixed cost is $10,000. what is average fixed cost when output is 500 and 1000

$10,000 / 500 = $20

$10,000 / 1000 = $10

We can see that average fixed cost decreased as output increased

7 0
3 years ago
Are there different laws for individuals and businesses?
Tems11 [23]
The answer to the statement is yes. It is because laws are important to promote fairness and peace. Laws are established to get things done in order and in different places and environment, there are different laws to be followed in which the statement above is related to it.
8 0
3 years ago
During December, Far West Services makes a $1,600 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.
vredina [299]

Answer:

Account Receivables 1,736 debit

   Sales Revenue             1,600 credit

   sales tax payable            136 credit

Explanation:

The company will charge to the 1,600 sale the sales tax :

1,600 x (0.06 state + 0.025 local) = 136

the salestax is levied in the consumer not the firm thus it is not an expense the company is just an intermediary between the government and the consumer.

3 0
3 years ago
Cyra is a musician who is contracted to perform for Vanta Blue, a local pub. Vanta Blue pays her an advance as part of the contr
Fofino [41]

Answer:

Specific performance.

Explanation:

In this case, Vanta Blue even pay upfront although Cyra end up not showing up. Cyra is suppose to perform as it is dealed.

6 0
3 years ago
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