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Business, 30.03.2020 21:35 JosefineRubino2204
Commercial Paper is: a. A formal, committed line of credit extended by a bank or other lending institution b. An informal arrangement in which a bank agrees to lend up to a specified maximum amount of funds during a designated period c. A minimum checking account balance that a firm must maintain with a commercial bank d. A document specifying the terms and conditions of a loan, including the amount, interest rate and repayment schedule e. Unsecured, short term promissory notes of large firms, usually issued in denominations of $100,000,000 or more and having an interest rate somewhat below the prime rate
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Business, 23.06.2019 10:20, AlexS11
Mandalay hotel bases its budgets on guest-days. the hotel's static budget for august appears below: budgeted number of guest-days 4,300 budgeted variable costs: supplies (@$9.60 per guest-day) $ 41,280 laundry (@$9.40 per guest-day) 40,420 total variable cost 81,700 budgeted fixed costs: wages and salaries 57,190 occupancy costs 52,030 total fixed cost 109,220 total cost $ 190,920 the total cost at the activity level of 5,200 guest-days per month should be:
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