1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
larisa86 [58]
3 years ago
8

Renita works as a freelancer. She wants to start her own business, but she does not have the required funding. To meet the worki

ng capital for her business, she takes a short-term loan from a bank. The bank agrees to provide her funding up to $50,000, as and when she needs it. However, she can repay the amount immediately or over a pre-specified period of time. Which of the following short-term financing sources does Renita utilize to fund her business in the given scenario?
A. Line of credit
B. Trade credit
C. Commercial paper
D. Factoring
Business
1 answer:
Monica [59]3 years ago
6 0

Answer:

A. Line of credit

Explanation:

Renita is using a line of credit because her financing option has the following characteristics:

  • A maximum amount she can withdraw, in this case $50,000
  • She can draw from that maximum amount as she needs, for example, she could have one month $30,000, and the following month $20,000, effectively exhausting her credit in a two-month period.
  • She can pay off her debt either at specified periods of time, or in full at any time.

All those characteristics above are specific  of a line of credit.

You might be interested in
Consider a tax cut which affects not only consumer disposable​ income, but also afterminus−tax earnings from labor supplied to l
noname [10]
<span>in the long run we would expect this tax cut to </span>C.  increase the level of real GDP.
Tax cut will give the private sectors more resources to either increase the number of employees or buy materials for production.
Either decision will lead to an increase in overall productivity which will contribute to additional Gross Domestic Products.
3 0
3 years ago
Fixed costs can be defined as costs thatGroup of answer choicesvary inversely with production.vary in proportion with production
Sholpan [36]

Answer: are incurred even if nothing is produced.

Explanation:

Fixed costs are referred to as the cost that doesn't vary with the production level. Even if the company doesn't produce anything, the fixed cost will still be incurred.

The fixed cost is different from the variable cost which is the cost that varies along with production. Examples of fixed cost include salaries, rental lease payments, salaries, etc.

8 0
3 years ago
If your tuition is $2,000 this semester, your books cost $400, you can only work 10 rather than 40 hours per week during the 15
Juli2301 [7.4K]
Opportunity cost is computed as the difference between the present worth and the cost. present worth is the product of $12 and 10 hours * 15 weeks while the cost includes the tuition cost, books cost and the board cost. The cost has a total of <span>$2,000 + $400 + $4000 equal to $6400. The difference is equal to $4600</span>
4 0
3 years ago
A business needs production workers who have strong math skills. They will
Andru [333]

Answer: applicants are given a math test

Explanation: I just did it

4 0
3 years ago
Henry fords philosophy was to perfect the model-t so that its cost could be reduced further for increased consumer affordability
julsineya [31]

Answer:

production concept

7 0
2 years ago
Other questions:
  • Bronn and Jaime make a written contract where Jaime will sell Bronn his armor and sword for $1,200.
    11·1 answer
  • Overall, more managerial opportunities are available for ________ women than for women in most other countries.
    15·1 answer
  • Closing entries
    10·2 answers
  • In order to estimate the average electric usage per month, a sample of 173 houses was selected and the electric usage was determ
    8·1 answer
  • To have all interactions with a customer recorded in one place and readily accessible to employees on a need-to-know basis when
    5·2 answers
  • A job-needs analysis:___________.1. Examines the ethics of each employee in the organization.2. Includes an assessment of how ea
    14·1 answer
  • Seymour Corporation manufactures batons. Seymour can manufacture 300,000 batons a year at a variable cost of $750,000 and a fixe
    9·1 answer
  • Metlock Windows manufactures and sells custom storm windows for three-season porches. Metlock also provides installation service
    12·1 answer
  • Profitability measures such as return on assets (roa) and return on equity (roe) are ___ rates of return.
    5·1 answer
  • We do not owe you anything at December 31, 2018, as the goods, represented by your invoice dated December 30, 2018, number 25050
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!