This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Dazzly Diamond Corp. called for credit at the Home Alone Bank of Paris, TX. The terms included a ... (Read 288 times)

abern

  • Hero Member
  • *****
  • Posts: 533
on: May 1, 2019
Dazzly Diamond Corp. called for credit at the Home Alone Bank of Paris, TX. The terms included a $35,000 maximum loan with interest of 1 percent over prime, and the agreement also requires a 15% compensating balance throughout the year. The prime rate is currently 12 percent.

a.If Dazzly Diamond Corp. maintains a balance in its account of $5,250 to $6,000, what is the
effective cost of credit through the line-of-credit agreement where the maximum amount of the loan is used?

b.Recompute the effective cost of credit to Dazzly Diamond if it will have to borrow the
compensating balance and the maximum amount possible under the agreement.
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by abern on May 1, 2019

ndhahbi

  • Sr. Member
  • ****
  • Posts: 390
Reply #1 on: May 1, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 45% of students answer this correctly


abern

  • Hero Member
  • *****
  • Posts: 533
Reply #2 on: May 1, 2019
TY


ndhahbi

  • Sr. Member
  • ****
  • Posts: 390
Reply #3 on: May 1, 2019
You're welcome


« previous next »
 

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Cerebral angiography. The four angiograms each reveal the distribution of blood vessels supplying th Cerebral angiography. The four angiograms each reveal the distribution of blood vessels supplying th
Laparoscopy. A lighted endoscope specialized for insertion into the abdomen, called a laparoscope, i Laparoscopy. A lighted endoscope specialized for insertion into the abdomen, called a laparoscope, i
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Colon with diverticulosis. An inflamed or infected diverticulum is called diverticulitis. Colon with diverticulosis. An inflamed or infected diverticulum is called diverticulitis.
Body directional terms. Body directional terms.
Snap-ring pliers are also called lock-ring pliers, and they are designed to remove internal and ... Snap-ring pliers are also called lock-ring pliers, and they are designed to remove internal and ...
Video: DNA Replication Factory and Protein

For a complete list of videos, visit our video library