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 343 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?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Persian leopard (Panthera pardus ciscaucasica), also called Caucasian leopard Persian leopard (Panthera pardus ciscaucasica), also called Caucasian leopard
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
Socrates (470–399 B.C.E.) was an Ancient Greek philosopher often called the "father of ... Socrates (470–399 B.C.E.) was an Ancient Greek philosopher often called the "father of ...
(Left panel) The transition level (TL) for moving out of the parental home for 240 young men and ... (Left panel) The transition level (TL) for moving out of the parental home for 240 young men and ...
Body directional terms. Body directional terms.
Video: Mitosis step-by-step

For a complete list of videos, visit our video library