A company's investment guidelines typically restrict all of the following EXCEPT:
A company has a $300,000 credit line of which $200,000 was the average amount outstanding for the year. The terms of the loan include a 1/2 of 1% commitment fee on the unused portion, an interest rate of 10%, and a compensating balance requirement of 2% of the total credit line. The company's compensating balances are funded from credit-line borrowings.
What is the effective annual interest rate on the net usable funds?
Which of the following MOST often contributes to the misinterpretation of DSO?
In most countries other than the United States, which of the following is used to compensate banks for services provided?
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