A revolving credit agreement is a formal line of credit. The firm must generally pay a fee on the unused balance of the committed funds to compensate the bank for the commitment to extend those funds.?
Answer the following statement true (T) or false (F)
True
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Which of the following is a typical example of a variable cost?
a. Sales commissions b. Rent c. Depreciation d. Salaries
What is the doctrine of unconscionability under the UCC?
What will be an ideal response?
Lenders can discriminate against you on the basis of your
A) income. B) age. C) gender. D) You can not be discriminated against for any of these reasons.
Which of the following statements about learning curves is best?
A) Learning improvements always follow a constant pattern. B) Frequent design changes and reengineering have no effect on learning rates. C) Underestimated learning effects may cause overestimation of capacity needs. D) An eighty percent learning curve means that each unit takes twenty percent less time to produce than its immediate predecessor.