subject
Business, 28.11.2019 05:31 anaishindsp07emm

Brown inc. needs to borrow​ $250,000 for the next 6 months. the company has a line of credit with a bank that allows the company to borrow funds with an​ 8% interest rate subject to a​ 20% of loan compensating balance.​ currently, brown inc. has no funds on deposit with the bank and will need the loan to cover the compensating balance as well as their other financing needs. what will be the annual percentage​ rate, or​ apr, for this​ financing? a. ​10.67% b. ​12.12% c. ​13.33% d. ​10.00%

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 07:40
Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000
Answers: 1
question
Business, 22.06.2019 11:40
Select the correct answer. which is a benefit of planning for your future career? a.being less prepared after high school. b.having higher tuition in college. c.earning college credits in high school. d.ruining your chances of having a successful career.
Answers: 2
question
Business, 22.06.2019 12:30
True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product
Answers: 1
question
Business, 22.06.2019 19:00
James is an employee in the widget inspection department of xyz systems, a government contractor. james was part of a 3-person inspection team that found a particular batch of widgets did not meet the exacting requirements of the u.s. government. in order to meet the tight deadline and avoid penalties under the contract, james' boss demanded that the batch of widgets be sent in fulfillment of the government contract. when james found out, he went to the vice president of the company and reported the situation. james was demoted by his boss, and no longer works on government projects. james has a:
Answers: 3
You know the right answer?
Brown inc. needs to borrow​ $250,000 for the next 6 months. the company has a line of credit with...
Questions
question
Mathematics, 28.04.2021 18:00
question
Mathematics, 28.04.2021 18:00
question
Mathematics, 28.04.2021 18:00
Questions on the website: 13722360