Robertson lumber has a $250,000 compensating balance loan with its bank. the terms of the loan call for robertson to keep 10% of the loan as a compensating balance and pay interest at an annual rate of 6.50% on the entire amount. if the firm borrows the maximum amount for one year, what is the ear on this loan?

Zara, a global retail and apparel manufacturer based in spain that has successfully implemented this idea by having a continuous flow of new products that are typically limited in supply. zara has created a system that draws its clientèle into its stores, on average, 17 times per year as compared to 4 times per year for most stores. how is zara using it to gain competitive advantage? what specific technologies are used by zara to maintain this advantage over its competition?