A compensating balance is a balance in checking account that is equal to a certain percentage of the borrower's short-term unsecured loan
Indicate whether the statement is true or false
TRUE
Business
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The net income of a company is $175,000 . The average book value of the company's assets is $1,300,000 . The return on total assets would be
a. 20.00%. b. 7.43%. c. 600.00%. d. 13.46%.
Business
The accountant prepares the statement of cash flows after completing the
a. balance sheet, only. b. income statement, only c. balance sheet and the income statement. d. funds flow statement. e. statement of retained earnings.
Business
What are some advantages of specialists?
What will be an ideal response?
Business
Once the decision has been made to implement an ERP system, the initial step is to select an ERP vendor
Indicate whether the statement is true or false
Business