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Molodets [167]
3 years ago
8

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:
olga_2 [115]3 years ago
8 0

Loan commitment or credit line.

Answer: Options II or III.

<u>Explanation:</u>

A loan advancement is a bank's guarantee to offer an advance or credit of a predefined sum to a borrower. Likewise called a dedication letter, it incorporates the entirety of the terms and states of the credit.  

A credit line is the measure of cash that can be charged to a Mastercard account. The size of a credit line, and its amount has been obtained, impact purchaser FICO assessments. Low credit usage — that is, a credit line on which little has been obtained — prompts a higher FICO rating.

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Alain Mire files a single tax return and has adjusted gross income of $314,000. His net investment income is $43,000. What is th
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Answer:

$1,634

Explanation:

The computation of the additional tax to be paid is shown below:

Additional tax is

= Tax rate × net investment income

= 0.038  × $43,000

= $1,634

We simply multiplied the tax rate with the net investment income in order to determine the additional tax

4 0
3 years ago
Which of the following is the best way to learn about a company culture?
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a on e2020

Explanation:

go it right on the test

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3 years ago
Use the cost information below for Ruiz Inc. to determine the total manufacturing costs incurred during the year: Work in Proces
ValentinkaMS [17]

Answer:

$48,100

Explanation:

Computation of total manufacturing cost incurred during the year is seen below;

Direct materials used

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Direct labor used

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Total factory overhead

$6,700

Total manufacturing cost incurred

$48,100

Therefore, the total manufacturing cost incurred during the year is $48,100

6 0
3 years ago
I need help with economic hw can someone come up with a example for scarcity and choice, opportunities cost
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Scarcity occurs when the demand for something exceeds the supply. Examples often occur with natural resources when they are over used. Think of over fishing, hunting or poor farming. The choice to over hunt in present may cost hunting opportunities in the future.

4 0
3 years ago
Part U16 is used by Mcvean Corporation to make one of its products. A total of 13,000 units of this part are produced and used e
ad-work [718]

Answer:

Financial disadvantage of 138,600

Explanation:

\left[\begin{array}{cccc}&produce&buy&Differential\\$Purchase&&-447,000&-447,000\\$Avoidable\: Cost&-283,400&0&283,400\\$Unavoidable\: Cost&-114,400&-114,400&0\\$Total Cost&-397,800&-561,400&-163,600\\$additional segment&0&25,000&25,000\\$Net  Effect&-397,800&-536,400&-138,600\\\end{array}\right]

The allocate cost and teh depreciation cost will be unavoidable, so should be considered as a cost for the purchase option

Also the inocme from teh additional segment is only considered for the purchase option

<u>The avoidable cost will be:</u>

Direct Materials

Direct Labors

Variable overhead

Supervisor

Thse cost are zero in the purchase escenario

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3 years ago
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