Under a revolving credit agreement, the _____ is lower than the interest on the borrowed funds, but it can amount to a fairly hefty charge if the firm has a large unused balance.
A. commitment fee
B. brokerage fee
C. origination fee
D. utilization fee
Answer: A
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Indicate your answer by placing the correct number next to the scenario.
a. ________ Golden Corp. owns a debt security in Yellow Corp. Golden plans on selling the debt after one year. b. ________ Horizon Inc. owns 18% of the voting stock of Sunset Corp. Horizon does not have the ability to participate in the decisions of Sunset. c. ________ Eastern Inc. owns 32% of Western's voting stock. Eastern has the ability to exert influence
All virtual communication is mediated by technology but they differ because communication can be achieved through voice, text, video, or some combination of these.
Answer the following statement true (T) or false (F)
You own a small independent retail store in your neighborhood. You want to offer fresh seafood, milk, and bread in your store. In this case, which of the following types of wholesalers will serve you the best?
A) truck jobber B) independent distributor C) drop shipper D) mail-order wholesaler E) manufacturers' agent
At the beginning of the fiscal year, office supplies inventory amounted to $600 . During the year, office supplies amounting to $8,800 were purchased. This amount was debited to office supplies expense. An inventory of office supplies at the end of the fiscal year showed $400 of supplies remaining. The beginning of the year balance is still reflected in the office supplies inventory account. What
is the required amount of the adjustment to the office supplies expense account? a. $9,000 debit b. $200 debit c. $8,400 credit d. $8,800 credit