_____ is a guaranteed line of credit in which a bank makes a binding commitment to provide a business with funds up to a specified credit limit at any time during the term of the agreement.

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Answer 1

A guaranteed line of credit in which a bank agrees in writing to offer a company is a revolving credit arrangement that allows for the use of a specific credit limit at any point during the agreement's term.

What exactly is a bank-guaranteed line of credit?

A LOC is an agreement that sets the maximum loan amount that a customer can borrow between a financial institution—typically a bank—and the consumer. If the borrower does not exceed the maximum amount (or credit limit) stipulated in the agreement, they may access funds from the LOC at any time.

The business gives the bank its promise in return for a commission charged on the unutilized money.

Revolving credit arrangement will be the appropriate term to put in the supplied gap.

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Related Questions

the cheap foreign ______ argument says that trade protection is required to ensure that cheap imports do not flood u.s. markets, dragging down prices of goods and u.s. wages.

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The cheap foreign Labour argument says that trade protection is required to ensure that cheap imports do not flood u.s. markets, dragging down prices of goods and u.s. wages. This is further explained below.

What is foreign Labour?

Generally, Those who work in a nation other than their own but have no intention of permanently relocating there are considered foreign workers since they do not have citizenship in the country where they are employed.

In conclusion, The idea that trade protection is needed because of cheap imports flooding the market and driving down prices and U.S. wages is known as the "cheap foreign labor" argument. More detail about this is provided below.

Answers

An agreement containing mutual promises. Workers on a building are guaranteed that their contractors will pay them at the end of each month.

How do bilateral contracts work?

A bilateral contract is a legally binding arrangement between two parties wherein each exchanges commitments to carry out and execute one-half of a deal. Because it makes both parties into what is known as an "obligor," or a person or party who is bound to another, this contract form is one of the most often utilized binding agreements.

Due to their widespread usage, sales contracts and bilateral contracts are frequently used interchangeably. An obligor has violated the bilateral agreement if they don't carry out their obligation (and of course, vice versa).

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Why shouldn’t applicants to job openings send their cover letter as an attachment in an e-mail? when would it be acceptable to send a cover letter as an attachment?.

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The employer may restrict emails that contain attachments. This can be a function of their email spam or junk mail filtering system.

What is a cover letter in an email?

An email cover letter is a quick email that includes some personal information and the justification for delivering your resume.

Unless an employer specifically requests that you include them in the email body, send your cover letter and resume as separate attachments. Create a sincere cover letter every time, and attach it to the email.

Hence, the significance of the e-mail is aforementioned.

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_______ can run and climb stairs when holding someones hand or a rail. Classroom summary. Screening tools. Gross motor. Infants. Preschoolers. Toddlers. I will mark brianlest

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Answer:

preschoolers

Explanation:

At this stage their balance has improved, they are more coordinated, and tend to focus more on where they are going (steps taken)

Which management function is involved with monitoring performance, comparing it with goals, and taking corrective action as needed?.

Answers

Controlling management function is involved with monitoring performance, comparing it with goals, and taking corrective action as needed. Read below about management.

What is Management?

Management refers to the process of dealing with or controlling things or people. Management is also the administration of an organization, whether it is a business, a non-profit organization, or a government body. It is the art and science of managing resources of the business.

Therefore, the correct answer is control management.

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norma inc. uses the perpetual inventory system. when the company records a sale, it should make entries to:

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The fact that Norma Inc. uses a perpetual inventory system means that when a sale is recorded, the company should:

b. decrease an asset and increase an expense.c. increase an asset and increase revenue.

What happens when a sale is made?

The revenue account should be increased because a sale brings money into the business. Cash or Account Receivables should also increase depending on is the sale was a cash or credit sale.

Cost of goods sold would increase as well and it is an expense. The asset of inventory would decrease to show that there is less inventory on account of the sale.

Options for this question are:

a. decrease an asset and decrease revenue

b. decrease an asset and increase an expense

c. increase an asset and increase revenue

d. increase an asset and decrease an expense

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which statement describes a main advantage of using cash over other forms of payment

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The main advantage of using cash over other forms of payment is that its eliminates the possibility of overspending.

How does cash eliminates overspending?

While doing a physical transaction, there will not be a situation of overspending because the person can not purchase more than the cash value he/she has on him/her.

Hence, the main advantage of using cash over other forms of payment is that its eliminates the possibility of overspending.

Answers

The net income that would have been if the allowance method had been used is:$696,200.

Net income

Using this formula

Net income=Net income+Accounts uncollectible-(Sales×Estimated sales rate)

Let plug in the formula

Net income=$715,000+$48,600-($6,740,000×1%)

Net income=$715,000+$48,600-$67,400

Net income=$696,200

Therefore The net income that would have been if the allowance method had been used is:$696,200.

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Answer: 693700

Explanation:

Apply the 1% to the sales of 6,740,000.

( 6,740,000 x .01 ) = 67,400

Subtract by the original write off 48,600 from the total

( 67,400 - 48600 ) = 18,800

Subtract this from the reported net income.

( 712,500 - 18800 ) = 693,700

Hope this helps.

Appropriate and effective marketing metrics must be designed to identify, track, evaluate, and provide key benchmarks for improvement. In the context of change drivers affecting the future of marketing, this reflects the

Answers

Marketing metrics change with campaign preferences and generational attitudes.

What is marketing?

The practice of a business of promoting the purchase and sale of goods and services is referred to as "marketing." Promotion, publicity, and advertising make up marketing.

Marketers can track marketing analytics to gauge the effectiveness of their campaigns.

Marketing offers a measurable means of keeping track of progress and gauging efficiency.

As a result, shift in generational values and preferences.

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The market price of airline flights increased recently. Some economists suggest that the price increased because jet fuel is much more expensive than before. As a result, they believe that, in the market for flights: a. demand decreased. b. supply increased. c. demand increased. d. supply decreased.

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The economists evaluating the price increase in airline flight price most likely believe that a. demand decreased.

Why do economists believe that demand decreased?

The law of demand says that people will demand more of a good when the price is lower and vice versa.

This means that with the rise in the market price of airline flights, there will be a drop in demand.

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Management should select the depreciation method that

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When it comes to selecting a depreciation method, management should select on that D. best measures the plant asset's contribution to revenue over its useful life.

Which depreciation method should be picked?

Different companies use the same equipment in different ways and for that reason, depreciation cannot be the same.

The company needs to pick a depreciation method that takes the contribution of the equipment to its specific type of business and the revenue that is brought in.

Options include:

a. has been used most often in the past by the company.

b. best measures the plant asset's market value over its useful life.

c. is easiest to apply.

d. best measures the plant asset's contribution to revenue over its useful life.

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Suppose you buy a share of stock at a price of $100 and a year later it is worth $125. Suppose further that the rate of inflation for the year is 10%. If you are subject to a 15% capital gains tax, how much is your total tax burden

Answers

The total tax burden will be calculated as $3.75

What is inflation?

When the prices of products and services increases with a given duration of time and which result increase in the cost of living is refers as situation of inflation.

To find the total tax burden-

Current value of stock=$100

After one year, value of stock=$125

To find the profit gain after one year,

$125—$100 = $25

This $25 will be considered as capital gain over stock.

Rate of tax over capital gain=15%

Total tax burden =capital gain×rate of tax on capital gain

=$25×15%

=$3.75

Therefore, the total tax burden will be $3.75.

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The total factory overhead for Bardot Marine Company is budgeted for the year at $504,150, divided into four activities: fabrication, $221,000; assembly, $80,000; setup, $109,650; and inspection, $93,500. Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows: Fabrication Assembly Setup Inspection Speedboat 4,250 dlh 12,000 dlh 31 setups 53 inspections Bass boat 12,750 4,000 224 372 17,000 dlh 16,000 dlh 255 setups 425 inspections Each product is budgeted for 3,000 units of production for the year. a. Determine the activity rates for each activity. Fabrication $fill in the blank 1 per direct labor hour Assembly $fill in the blank 2 per direct labor hour Setup $fill in the blank 3 per setup Inspection $fill in the blank 4 per inspection b. Determine the activity-based factory overhead per unit for each product. Round to the nearest whole dollar. Speedboat $fill in the blank 5 per unit Bass boat $fill in the blank 6 per unit

Answers

Variables to fill the blanks are mathematically given as

F= 16

A= $ 6

S= $ 530

I= $ 270

The speed boat is $ 59

The Bass Boat is $ 148

What are the activity rates for each activity.?

Generally, the equation for Fabrication is mathematically given as

[tex]F=\frac{Overhead \ Cost}{ Activity \ Base \ Usage \ Quantities}[/tex]

Therefore

[tex]F= \frac{448,000}{28,000}[/tex]

F= 16

Generally, the Assembly is mathematically given as

[tex]A= \frac{180,000}{30,000}[/tex]

A= $ 6

Generally, the Setup is mathematically given as

S= $ 222,600 / 420

S= $ 530

Generally, the Inspection is mathematically given as

[tex]I = \frac{189,000}{700}[/tex]

I= $ 270

For the Activity-based factory overhead per unit

The speed boat is $ 59

The Bass Boat is $ 148

In conclusion, Use the values to fill in the required blanks

Answers

Driver 3 most likely pay a higher monthly premium than drivers 1 and 2 because A. The insurance company views driver 3 as a risk

because of accident history and age.

Why will an individual pay a higher premium?

It should be noted that a monthly premium will reflect the added risk of multiple drivers using a vehicle.

Also, teenagers or young people generally pay higher premiums because it's believed that there more prone to accident.

Therefore, driver 3 most likely pay a higher monthly premium than drivers 1 and 2 because the insurance company views driver 3 as a risk

because of accident history and age

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Answer: A

Explanation:

The insurance company views driver 3 as a risk because of accident history and age.

_____ consists of partially completed products in various stages of completion that are awaiting further processing.

Answers

Products that are partially completed and still in the various production stages of completion are referred to as: work-in-progress inventory

What is Work-in-Progress Inventory?

Work-in-progress inventory can be defined as goods that are partially completed, which can also be called "in-process inventory". They are products that are not ready for sale.

For example, in a coffee company, work-in-progress inventory may include, shopping boxes, coffee beans, labels, among others.

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Himanshu called his large U.S. supplier to ask for an urgent delivery to his firm in Japan, but his request needed the approval of a high-level manager in the supplying firm. After 10 minutes browsing the Internet, Himanshu found a small business in the U.S. offering the same product. Seconds later, he was talking to the owner. The shipment left for Japan that day. This example demonstrates:

Answers

The large U.S. supplier's inability to deliver unlike the small U.S. supplier is an example of the advantages small businesses have over large businesses in international trade because of limited bureaucracy.

What is a bureaucratic bottleneck?

Bureaucratic bottleneck refers to the excessive officialdom practiced by large organizations because certain laid down processes must be followed strictly.

With limited bureaucracy, an organization becomes nibble, agile, and can respond promptly to customers' requests without delays.

Thus, in this scenario, we can see an example of the advantages that small businesses enjoy over their larger counterparts, especially in international trade.

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what term do economists use to refer to the minimum amount that investors must earn on the funds they invest in a firm, expressed as a percentage of the amount invested?

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The term economists use to refer to the minimum amount that investors must earn on the funds they invest in a firm is Normal Rate of Return. This is further explained below.

What is the Normal Rate of Return?

Generally, the Normal Rate of Return is simply defined as the average rate at which companies in the same industry as yours are able to turn a profit under typical conditions.

In conclusion, Economists use the phrase normal rate of return to refer to the minimum rate of return required by investors on their capital in a certain company.

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What type of analytics would take past purchasing data as inputs into a model and then recommend the best pricing strategy for maximizing revenue

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"Prescriptive Analysis" would take past purchasing data as inputs into a model and then recommend the best pricing strategy for maximising revenue.

What is Prescriptive Analysis?

Prescriptive analytics makes recommendations about potential outcomes and produces actions that are likely to maximise important business KPIs.

Prescriptive Analytics is based on:

Optimisation which helps in achieving the best outcomesStochastic optimisation which helps in how to achieve best outcomes and identify data uncertainties to make best results.

The types of analytics are-

Descriptive, Predictive and Prescriptive analytics.

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Which of the following statements about evaluation apprehension in team settings is TRUE? Group of answer choices It is more likely to occur when team members formally evaluate each other's performance throughout the year. It increases with the individual's motivation to share his or her ideas. It tends to affect the discipline and functioning of team meetings. It motivates team members to generate creative solutions, no matter how silly they may sound.

Answers

The statements which are true about the apprehension in team settings are: It is more likely to occur when team members formally evaluate each other's performance throughout the year

What is evaluation?

Anxiety or worry about being judged by others, particularly anxiety felt by experiment participants who want to be viewed positively by the experimenter or by those watching their actions.

Team building, which can be defined as various actions meant to improve social relations in a team, can also be used to describe a team environment. It also comprises the procedure for defining team roles.

Hence choice first is correct.

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Determine which of the statement(s) are correct if a petty cash account is not replenished at the end of the accounting period. (check all that apply.) multiple select question. the balance sheet would show an overstated cash asset. the balance sheet would show an understated cash asset. expenses would not be recorded in the period in which they were incurred. the income statement would reflect a net income amount that was too high.

Answers

If Petty Cash is not replenished at the end of the accounting period:

the balance sheet would show an overstated cash asset.expenses would not be recorded in the period in which they were incurred. the income statement would reflect a net income amount that was too high.

What happens when petty cash is not replenished?

Because the cash that was meant to go to the petty cash was not taken from the cash account, this account will have more than it should (overstated).

The expenses which were incurred and recorded in the petty cash would not be accounted for which means that the income would be overstated as these expenses were not deducted from it.

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Consider two processes. If both versions create the same benefit, but one costs more than the other, the higher-cost version is less ________ than the lower-cost version.

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Consider two processes. If both versions create the same benefit, but one costs more than the other, the higher-cost version is less Efficient than the lower-cost version.

What is Process Quality?

Process Quality = measured in two dimensions: process effectiveness and process efficiency

Effective Business Process = enables the organization to accomplish its strategy. ex: investigating whether 3D printing will help accomplish the strategy of having the largest selection of parts in the industry

Efficiency Business Process = the ratio of benefits to costs. ex: consider two versions that create the same benefit, but one costs more than the other does, meaning the higher-cost version is less efficient than the lower-cost version/if both versions cost the same, but one generates less benefit than the other, then the lower-benefit one is less efficient.

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Any purchased materials that will go into the finished product are first recorded in the.

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Any material purchased will be recorded in the Raw material inventory account. The option for the first blank is raw and second blank is material.

What is Inventory Account?

Inventory Account refers to the account which records all the transactions related to the stock. It records the purchased of the stocks, work in progress, closing stock, opening stock etc.

The complete question is attached below.

The raw material inventory account is where all materials that will be used to create the final product are first registered.

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which one of the following is not an external users of accounting information

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The answer choice that is not an external user of accounting information is d. All of these answers choices are external users.

What is Accounting Information?

This refers to the financial statements that are used to keep records of all financial transactions.

Hence, we can see that from the complete text, there is the list of options and they are all external users because they are people outside the business.

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Between 1986 and 2018, the top marginal personal income tax rate was 40 percent or less compared to 70 percent or more prior to 1981. Compared to the earlier time period, in recent years the share of personal income taxes paid by high income taxpayers a. has been virtually unchanged. b. has been lower. c. has been higher. d. increased in the late 1980s, but has been falling ever since.

Answers

When compared to the earlier time period, the share of income paid as taxes by high income earners b. has been lower.

How has the percentage of income tax paid changed?

Before 1981, high earners could pay as much as 70% of their earnings as taxes to the government.

Since 1986 however, high earners have not paid more than 40% of their earnings which shows that they are paying percentages on their income.

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Because a project requires resources, often from various areas, many projects cross ____ or other boundaries to achieve their unique purposes

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Because a project requires resources, often from various areas, many projects cross-departmental or other boundaries to achieve their unique purposes. This is further explained below.

What is a department?

Generally, a specialized department inside a larger institution (governmental, academic, or commercial) focuses on one area of focus.

In conclusion, For many initiatives to succeed, it is necessary to pool resources from different departments or even other organizations.

Answers

Answer:

C. Financial market

Explanation:

Anything that has to do with stocks is part of the Financial Market.

Answer: C: Financial Market

Explanation:

American Paper Company has a beta of 1.2. The risk-free rate is 6 percent and the required return on the market is 14 percent. The required rate of return on the security is

Answers

American Paper Company has a beta of 1.2. The risk-free rate is 6 percent and the required return on the market is 14 percent. The required rate of return on the security is:

-15.6%-13.2%-22.0%-22.8%

What Is the Security Market Line?

The security market line (SML) is a line drawn on a chart that serves as a graphical representation of the capital asset pricing model (CAPM)—which shows different levels of systematic, or market risk, of various marketable securities, plotted against the expected return of the entire market at any given time.

Its Also known as the "characteristic line," the SML is a visualization of the CAPM, where the x-axis of the chart represents risk (in terms of beta), and the y-axis of the chart represents expected return. The market risk premium of a given security is determined by where it is plotted on the chart relative to the SML

The formula for plotting the SML is:

Required return = risk-free rate of return + beta (market return - risk-free rate of return)

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having a high debt-to-income ratio or defaulting on your loan can bring down your credit score. how can a low credit score on your credit report affect you?

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A low credit score on your credit report can affect you as it will lead to higher interest rates.

What is a credit report?

It should be noted that a credit report is the record of the repayment history of a borrower.

In this case, a credit score on your credit report can affect you as it will lead to higher interest rates as well as fewer loan options.

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Shortly after World War II, John Jackson developed and began selling a machine lubricant that was superior to anything currently on the market. While demand kept up with production at first, several strong competitors added new products and he soon had to hire a sales force to sell excess product to manufacturing companies in the area. This is an example of marketing behavior that would occur during the ________ era of U.S. business history.

Answers

The given scenario is an example of marketing behavior that would occur during the sales era of U.S. business history.

What is Marketing?

This refers to the creation of awareness for a particular product by making promotions.

Hence, we can see that based on the given scenario of the machine lubricant that was sold after the WWII, there was the introduction of strong competitors and a sales force had to be hired and this is an example of marketing behavior that would occur during the sales era of U.S. business history.

Answers

The strategic alliance between HP and Dreamworks animation skg affected HP because its enabled the firm to compete head on with Cisco's videoconferencing solution.

What is a strategic alliance?

This refers to the agreement between two firms who are pursuing a set of objectives while remaining an independent organizations

Hence, the strategic alliance between the two firms impacted one as its to compete head on with Cisco's videoconferencing solution.

Therefore, the Option B is correct.

Missing options "A. It helped HP pursue a taper integration strategy. B. It enabled HP to compete head on with Cisco's videoconferencing solution. C. It resulted in depreciation of HP's shareholder value. D. It failed because HP lacked the expertise in selecting and integrating technology acquisitions"