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
dimulka [17.4K]
3 years ago
8

A restriction of cash wherein the borrower is required to maintain a specific amount in a low-interest or noninterest-bearing ac

count at the bank is called
Business
1 answer:
Musya8 [376]3 years ago
4 0

Answer:

Compensating balance

Explanation:

Compensating balance is when the borrower agrees to maintain an amount of cash in his account.

The lender can invest this money and this reduces the cost of borrowing

You might be interested in
If a company has advance ticket sales totaling 2000000 for the upcoming football season the receipt of cash would be journalized
Illusion [34]
The transaction in this question involves two accounts: sales account and cash account. The transaction will be recorded as such:
Dr. Cash .......... 2,000,000
Cr. Sales of tickets .......... 2,000,000
Ticket sales in cash
5 0
3 years ago
What would your teacher mean if she said, "The aggregate income of all students in this class was $52,315.28 last year?"
evablogger [386]
How much was spent on students

8 0
3 years ago
Transactional leaders try to get people to do ordinary things while _________ leaders attemps to get people to do exceptional th
IceJOKER [234]

Answer:

Transformational leaders

Explanation:

This is a form of leadership where the goal of the leadership is the  promotion of consistent visions and values among the followers to achieve an exceptional thing.

8 0
3 years ago
Accounts payable $36,500, Accounts receivable $46,500, Capital stock $100,000, Cash $46,000, Dividends $10,000, Goodwill $47,000
kolbaska11 [484]

Answer:

The Charlie current ratio is 1.84 times

Explanation:

The formula to compute the current ratio is shown below:

Current Ratio = Current Assets ÷ Current liabilities

where,

Current assets = Cash + accounts receivable + inventory + prepaid expenses

= $46,000 + $46,500 + $32,000 + 4,400

= $128,900

And, the current liabilities equal to

= Accounts payable + interest payable + short term notes payable

= $36,500 + $3,500 + $30,000

= $70,000

Now put these values to the above formula

So, the ratio equal to

= $128,900 ÷ $70,000

= 1.84 times

5 0
3 years ago
How many people went or is still going to vo-tech in Bloomsburg pa?<br><br>i need some advice
oksano4ka [1.4K]

Tours will be held on the following evenings, for the school districts listed. Times are 6:00 – 8:00 PM on these nights:

* Danville – February 3rd and 4th

* Central Columbia and Millville – February 10th and 11th

* Berwick – February 16th

* Southern Columbia and Bloomsburg – February 17th and 18th

7 0
3 years ago
Read 2 more answers
Other questions:
  • A new machine with a purchase price of $109,000, with transportation costs of $12,000, installation costs of $5,000, and special
    5·1 answer
  • . (Pitman 3.4.9) Suppose we play the following game based on tosses of a fair coin. You pay me $10, and I agree to pay you $n 2
    13·2 answers
  • A car crash woke john from his afternoon nap. when he looked out of his apartment window, he saw several people milling around t
    14·1 answer
  • Your trip to was great, but it unfortunately ran a bit over budget. However, you just received an offer in the mail to transfer
    15·1 answer
  • Bramble Corp. has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports Gear
    9·1 answer
  • Suppose the exchange rate between the US and Japan changes from $1=100 yen to $1=110 yen. What would happen to the prices of Ame
    7·1 answer
  • Sweet Sue Foods has bonds outstanding with a coupon rate of 5.50 percent paid semiannually and sell for $1,917.12. The bonds hav
    13·1 answer
  • Consider the following transactions for Huskies Insurance Company: Equipment costing $30,000 is purchased at the beginning of th
    6·1 answer
  • Rose buys a camp trailer and stores it in a storage facility in town until a time when she wants to go camping. Rose has _______
    5·1 answer
  • A period of time during which a person rests and is free from daily<br> obligations.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!