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san4es73 [151]
4 years ago
8

A bank line of credit is a prearranged loan amount that you can access my writing specific checks true or false

Business
2 answers:
brilliants [131]4 years ago
4 0
I'm not 100% sure but I think that its, true?
Snezhnost [94]4 years ago
3 0

Answer: True

A bank line of credit is a prearranged loan amount that you can access by writing specific checks

Explanation:

A line of credit (LOC) refers to a type of loan extended to an individual, organizations or government which establishes the maximum loan amount a customer can borrow. It is a form of arrangement between a financial institution and its customer. It is an open-end credit account that enables borrowers to spend money, repay it, and spend it again. A customer or borrower can access funds from the line of credit in agreement with the maximum amount that is agreed upon because he or she must not exceed the limit. The loan on the line of credit must be paid back within a specified time and at a specified interest rate. It allow a borrower to write checks (drafts) in order to access the loan.

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A company is formulating its plans for the coming year, including the preparation of its cash budget. Historically, the company'
Alchen [17]

Answer:

c. $4,025,200

Explanation:

The computation of the total cash receipts from sales and collections in April month is shown below:

= April sales × cash sales percentage + April sales × credit sales percentage × collection month percentage + March sales  credit sales percentage × Following month collection percentage

= $4,000,000 ×30% + $4,000,000 × 70% × 40% + $4,200,000 × 70% × 58%

= $1,200,000 + $1,120,000 + $1,705,200

= $4,025,200

Since cash sales are 30% , so the credit sales would be 70%

3 0
4 years ago
7. Problems and Applications Q7 Suppose the Federal Reserve announced that it would pursue contractionary monetary policy to red
lina2011 [118]

Answer:

1 False

2 True

3 False

Explanation:

  1. shortage wage agreement not create gap in agent' rational behavior change against monetary policy. Long-term contracts tend to be ineffective and ineffective in response to economic policy change that produces serious destructive effect.
  2. If there is less confidence in the Fed, then people don't expect prices to fall, and so with fewer M / P (purchasing power) agents, the recession is severe.
  3. If inflation adjustments adjust quickly to real inflation, it will be easier for the Fed to target the economy faster and this will exacerbate the effects of monetary expansion, which will help keep the economy out of recession.
6 0
4 years ago
First job interview tips / advice - 20 pts
algol [13]

A job interview isn't simply a test of your knowledge; it's also a test of your ability to use it appropriately. Understanding the major areas on which you should concentrate when preparing for your first job interview is essential. I'll guide you through some of the most crucial elements to consider while preparing for your first interview.

<h3><em>So, let’s begin….</em></h3>

1. On your resume, be honest.

  • In your CV, don't lie about anything. If you lie, you will lack confidence while answering questions on that issue, and you will become uneasy as a result. So, just tell it like it is.
  • By lying, you are undermining your knowledge and talents, which you have worked hard to acquire.
  • Emphasize your talents and your readiness to learn new skills if you don't have any.

2. Prepare your introduction well:

  • Make a self-introduction that you should be able to finish saying in 1 minute 30 seconds once you've finished preparing your resume. Self-introductions that are too long are not heard and may appear uninteresting.
  • Make your strengths, whether technical or non-technical, stand out.
  • Be detailed with your self-introduction since it can help you make a positive first impression.

3. Always keep a backstory for some answers:

  • Some questions, such as strengths and shortcomings, need a history to support your response. In most cases, a history to support your response helps both you and the interviewer understand how you are overcoming that limitation. The same may be said about strengths.

4. Always proofread your resume:

  • Check your resume twice. Make sure that it does not have any kind of grammatical errors or spelling mistakes.
  • Errors in resume make a bad impression.

5. Have a fundamental understanding of the company:

  • Read up on the company's profile that you'll be applying for. Read about the many industries that the firm operates in, the CEO's name, where the company is situated, why the company was recently in the news, and so on.
  • Believe me when I say that if you answer these questions correctly, you will make a great first impression. It demonstrates that you are aware of and interested in the company's work.

6. Make sure you're ready for the technical round:

  • Make a list of the most often requested technical questions. This should be done three to four days before the interview. Prepare responses and make sure to cover all of the fundamentals of the areas you stated on your CV.
  • Also, be prepared to answer questions about your final year project. Revise the flow chart diagrams and, if applicable, block diagrams, since they are easier to explain in a shorter amount of time.

7. HR Round:

  • The HR round is really important. Look for the most frequently asked HR questions (you can get them from various sources). Prepare a few words to support your answer or point of view for each response.

8. Choose and prepare your outfit the day before:

  • Wear a dress that is both comfy and ironed. Look at the executives on the about me page if you're unsure. That's how you should dress.
  • Maintain a polished and understated appearance. Don't go overboard with the accessories.

Important details to keep in mind (before, during, and during the interview):

- Maintain a cheerful and self-assured attitude.

- Emphasize appropriate body language by sitting in a proper posture and maintaining eye contact. Maintain a friendly demeanor and a small grin on your face.

- Be truthful

- Arrive on time

- All you have to do is give it your all. If you give it your all and still don't get the job, that's life.

- Be courteous

- Pay attention to what they're saying and pay attention to what they're saying. If you don't understand a question, politely inquire for clarification.

Simply keep these things in mind and plan beforehand. Give it your all and don't give up until you succeed.

I hope this helped

4 0
2 years ago
For a monopoly, the level of output at which marginal revenue equals zero is also the level of output at whicha.total revenue is
Vikki [24]

Answer:

a.total revenue is maximized

Explanation:

Marginal revenue refers to the change in total revenue. Zero marginal revenue impllies no change in TR. Thus, only when TR is maximized will MR be zero before falling.

3 0
3 years ago
Foreign Direct Investment means:________a. buying or creating facilities in another country for producing in local markets. b. b
nataly862011 [7]

Answer:

a. buying or creating facilities in another country for producing in local markets.

Explanation:

Foreign direct investments refer to establishments or acquisition of a business in a foreign country. The individual or firm involved in foreign direct investment is a citizen of a local country but starts a  business in a different country.  

Foreign direct investments are different from portfolio investments. In Portfolio investment, the investor buys securities in a foreign market, but foreign direct investment involves setting up a business or purchasing one in another country.

3 0
3 years ago
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