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3 years ago

5

To ensure that a borrower is not using short-term bank credit to finance a part of its permanent needs for funds, banks often re

quire borrowers to clean up their short-term loans for a 30-45 day period during the year.
a. True
b. False

1 answer:

Salsk061 [2.6K]3 years ago

8 0

True I’m maybe wrong but ye I think it’s true

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The human resources department of french quarter seafood conducted a training workshop on setting and achieving organization goa

Cloud [144]

The aspect of the SMART goal that is missing is that of TARGET DATE.
SMART goals refers to goals that are Specific, Measurable, Attainable, Result oriented and Time bound. The aspect of the time bound was not included in the scenario given in the question.

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3 years ago

Blushing Co. had Total Assets of $105,000, which included Cash of $30,000, Accounts Receivable of $15,000 Merchandise Inventory

madam [21]

The Acid-test ratio of Blushing Co,. is 1.25.

Acid-test ratio is also known as the quick ratio. It is the ratio of a firm's current assets to its current liabilities. It is a type of liquidity ratio. Liquidity ratio measures the ability of a firm to meet its short term obligation. The higher the acid-test ratio, the higher the liquidity of the firm.

Acid test ratio = (current asset - inventory) / current liabilities

Current assets - inventory = $105,000 - $60,000 = $45,000
Current liabilities = $60,000
Acid-test ratio = $45,000 / $60,000 = 0.75

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3 years ago

Which most accurately describes the difference between common stock and preferred stock?

maxonik [38]

Common stock is a corporate owned equity. Common stock shareholders have a right to the company's assets after all bondholders, preferred stock/shareholders and other debt holders are paid first and in full. Preferred stock has the owner entity to a fixed amount of money. Those that are preferred shareholders/stockholders receive money before any common stock holders do. They have a higher claim on assets and company earnings.

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3 years ago

Read 2 more answers

Economic research "consistently" finds that immigration negatively impacts the average American wage. "false"

Alja [10]

Answer: The given statement is false.

Explanation:

Immigrants give a boost to the average wages of Americans by increasing the overall productivity and help in investment. Immigrant workers are more advanced in skill sets and knowledge which helps the native Americans to improve their productivity. This process has boosted the investment which in turn increased the demand for labor and increased the pressure on improving wages of labor.

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3 years ago

) when originally issued, an investment in bonds of Flushing Dough, Inc., promised to provide an annual coupon of 7.50%. The bon

galina1969 [7]

Answer:

The likely yield to maturity on the bonds is 10.23%.

Explanation:

The likely yield to maturity on the bonds can be calculated using the following RATE function in Excel:

YTM = RATE(nper,pmt,-pv,fv) .............(1)

Where;

YTM = likely yield to maturity on the bonds = ?

nper = number of periods = number of years until maturity = 4

pmt = annual coupon payment = annual coupon rate * Face value = 7.50% * $1,000 = $75 = 75

pv = present value = market price = $735 = 735

fv = face value or par value of the bond = 1000

Substituting the values into equation (1), we have:

YTM = RATE(40,75,-735,1000) ............ (2)

Inputting =RATE(40,75,-735,1000) into a cell in an excel (Note: as done in the attached excel file), the YTM is obtained as 10.23%.

Therefore, the likely yield to maturity on the bonds is 10.23%.

8 0

3 years ago