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Question - Penn 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 9% interest rate subject to a 20% of loan compensating balance. Currently, Penn 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 total interest amount for this financing?
$8,750
$11,250
$12,500
$10,000
conan obrien logging and lumber company owns 3300 acres of timberland on the north side of mount leno which was
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An investor purchases a 30% interest in an investee company, and the investor concludes that it can exert significant influence over the investee.
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1-On January 15, 2014, P&P made an entry to write-off $4 million of accounts receivable. On December 11, 2014, one of the customers whose account was written off paid $1,200,000 on their account. Required:
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you are thinking of investing in a field that may have commercial amounts of oil. based on the existing data of the
antuan company set the following standard costs for one unit of its product. nbspnbspnbspnbspnbspnbspdirect materials
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