In a revolving credit agreement, the borrower typically pays ____ of the ____ portion of the agreement.

A. 1.0 to 3.0 percent; unused
B. 1.0 to 3.0 percent; used
C. only regular interest; used
D. 0.25 to 1.0 percent; used
E. 0.25 to 1.0 percent; unused


Answer: E

Business

You might also like to view...

The extent to which a job allows an employee to make decisions about scheduling different tasks and deciding how to perform them is called   

A. horizontal loading. B. skill variety. C. task identity. D. task significance. E. autonomy.

Business

Reaching unique or overlapping markets that have different levels of product awareness require programming standardization

Indicate whether the statement is true or false

Business

Sathre Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per MonthVariable Element per Well ServicedRevenue   $4,500Employee salaries and wages$56,400 $900Servicing materials   $700Other expenses$35,400   When the company prepared its planning budget at the beginning of December, it assumed that 34 wells would have been serviced. However, 32 wells were actually serviced during December.The "Employee salaries and wages" in the flexible budget for December would have been closest to: 

A. $85,200 B. $87,000 C. $89,888 D. $84,600

Business

Subordinating conjunctions often introduce ____

A) phrases B) independent clauses C) dependent clauses

Business