Which of the following types of short-term credits increase automatically as a firm's operations expand?
A. Promissory notes
B. Lines of credit
C. Commercial paper
D. Compensating balances
E. Accruals
Answer: E
You might also like to view...
The automotive industry __________ contract manufacturers for components.
a. Is forbidden from using b. Relies heavily on c. Rarely uses d. At one time was reliant on
Persuasive requests should be organized ? A) quickly
B) ?indirectly. C) directly. D) ?chronologically.
An agreement between shareholders to restrict the transfer of a closely held corporation's stock is illegal.
Answer the following statement true (T) or false (F)
RST Company offers a qualified retirement plan. Each employee contributes 4 percent of his or her pretax income to the plan, and RST matches the employee's contribution
An employee's benefit at retirement is determined by his or her account balance at the time of retirement. What type of retirement plan does RST offer? A) defined benefit, flat percentage of annual earnings B) defined benefit, flat dollar amount for all employees C) defined benefit, unit-credit formula D) defined contribution money purchase plan