The search for competitive advantage rarely centers on supplementary services
Indicate whether the statement is true or false
False
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Predicting demand is never an exact science
Indicate whether the statement is true or false
Nonpersonal communication focused on promoting positive relations between a firm and its stakeholders is referred to as ________ ________.
Fill in the blank(s) with the appropriate word(s).
Today is your 21st birthday and your bank account balance is $25,000. Your account is earning
6.5% interest compounded quarterly. How much will be in the account on your 50th birthday? A) $164,631 B) $163,832 C) $159,795 D) $162,183
Sanders Enterprises arranged a revolving credit agreement of $9,000,000 with a group of banks. The firm paid an annual commitment fee of 0.5% of the unused balance of the loan commitment. On the used portion of the revolver, it paid 1.5% above prime for the funds actually borrowed on a simple interest basis. The prime rate was 3.25% during the year. If the firm borrowed $6,000,000 immediately after the agreement was signed and repaid the loan at the end of one year, what was the total dollar annual cost of the revolver?
A. $285,000 B. $300,000 C. $315,000 D. $330,750 E. $347,288