Musk Corporation needs $200,000 to pay its bills, and requires a 25% compensating balance to be maintained with the bank. Assuming that Musk currently holds no funds at the lending bank, Musk has to borrow:?
A. ?$250,000.
B. ?$266,667.
C. ?$278,889.
D. ?$275,000.
E. ?$150,000.
Answer: B
You might also like to view...
To better tailor the services it offers to the needs of specific customers, First City Bank should first collect, verify, and update the information it has about its customers
Indicate whether the statement is true or false
Unlike other methods of inventory management, logistics _____
a. is concerned with the flow of information via paperless means b. regards order processing, transportation, warehousing, customer service, and inventory management as interdependent c. seeks to minimize inventory accumulations in the whole channel system d. seeks to trade off the lower inventory levels with lower levels of customer service
What are the key sections of the plan?
What will be an ideal response?
A taxpayer may choose to accept a reduced market rate of return on an investment to take advantage of a tax preference associated with the investment. In such case, the taxpayer will pay a/an:
A. Excise tax B. Implicit tax C. Explicit tax D. Transaction tax