Barter Company borrows $20,000 for one year a 9% interest, but must maintain a $1,600 compensating balance. The effective rate of interest on this loan is
a. 9.0%.
b. 17.0%.
c. 9.8%.
d. 8.0%.
C
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When both an owner and a contractor breach a construction contract, a court will attempt to strike a fair balance in awarding damages.
Answer the following statement true (T) or false (F)
Answer the following statement(s) true (T) or false (F)
1. In early reviews of leadership, Stogdill (1974) argued that “leaders are characterized by the exercise of initiative in social situations.” both trait and behavior characteristics to leadership. 2. The contingency approach to leadership assumes that understanding requires consideration of 3. Fiedler assumes task oriented leaders will be most effective when they can exert less influence and control. 4. The path goal theory proposes that a directive behavior will be most effective in situations where subordinates are engaged in work that is stressful, frustrating or unsatisfying. 5. The path goal theory proposes that a supportive behavior will be most effective in situations where employees are dogmatic.
In a bankruptcy unsecured creditors are owed a total of $900,000. Unsecured creditor A is owed $600,000, unsecured creditor B is owed $200,000 and unsecured creditor C is owed $100,000. There is only $300,000 available to the unsecured creditors
As a result creditor C will get A) $100,000 B) $75,000 C) $50,000 D) $33,333 E) $0
Milton Company has total current assets of $53,000, including inventory of $14,000, and current liabilities of $29,000. The company's current ratio is:
A. 0.55. B. 2.31. C. 1.34. D. 1.83.