The following selected transactions relate to liabilities of rocky mountain adventures. rocky mountain's fiscal year ends on december 31 january 13 negotiate a revolving credit agreement with first bank that can be renewed annually upon bank approval. the amount available under the line of credit is $10 million at the banks prime rate. february 1 arrange a three-month bank loan of $3.4 million with first bank under the line of credit agreement. interest at the prime rate of 8% is payable at maturity. may 1 pay the 8% note at maturity. required: record the appropriate entries, if any, on january 13, february 1, and may 1

You should do all of the following before a job interview except

Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%

Using the smith's bbq report, the cost of wine for next week will increase by 2% from the current week. if all other cost of sales stays constant, what will be the approximate total cost of sales for next week?