A revolving credit agreement

Assignment Help Financial Management

Reference no: EM131551486

A revolving credit agreement is:

created because of recurring short-term liabilities such as wages and taxes that change spontaneously with operations.

the credit created when one firm buys on credit from another firm.

an outright sale of receivables.

an unsecured, short-term promissory note issued by large, financially sound firms to raise funds.

a formal, committed arrangement in which a bank agrees to lend up to a specified maximum amount of funds during a designated period.

Reference no: EM131551486

Questions Cloud

Does the irr rule agree with the npv? rule : Calculate the IRR. Does the IRR rule agree with the NPV? rule?

What standard determines whether these parties have contract : What standard determines whether these parties have a contract?

Bonds outstanding with six months left to maturity : Badger Corp. has an issue of 6% bonds outstanding with 6 months left to maturity. The bonds are currently priced at $1011, and pay interest semiannually.

Effective annual rate of non–free trade credit : the effective annual rate of non–free trade credit if the firm did not take discounts but did pay on the due date is?

A revolving credit agreement : A revolving credit agreement is:

Best-case npv and the worst-case npv respectively : What are the best-case NPV and the worst-case NPV respectively

What is the effective annual rate of the loan : what is the effective annual rate (EAR) of the loan?

What is the commercial papers effective annual rate : Assuming there are 360 days in a year, what is the commercial paper's effective annual rate (rEAR)?

What is the optimal order quantity : The following price schedule applies. What is the optimal order quantity?

User Account

All Pages