Why would a lender require that a line of credit be paid off for one or two
Question:
Why would a lender require that a line of credit be paid off for one or two months of the year?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
To prevent the ...View the full answer
Answered By
Muhammad Rehan
Enjoy testing and can find bugs easily and help improve the product quality.
4.70+
10+ Reviews
10+ Question Solved
Related Book For
Construction Accounting And Financial Management
ISBN: 9780135232873
4th Edition
Authors: Steven J. Peterson
Question Posted:
Students also viewed these Business questions
-
You are the senior acquisitions associate at a New York-based private equity fund with a core investment focus. You have reached an agreement to purchase a well-located, 185,000 square foot office...
-
1. Hannah is applying for a life policy on her girlfriend Sarahs life. The policy is $500,000 and carries a large premium. Hannah is the main earner, so she is concerned about not being able to pay...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
11. Which one is not a source for collecting references? Ans : O Proquest Ebscohost O Scopus Safe assign
-
A multinational corporation is considering starting a subsidiary in an Asian country. Management realizes that the success of the new subsidiary depends, in part, on the ensuing political climate in...
-
A small maker of video games designs a pricing experiment. They know that some teens self-identify as ?gamers,? while others do not. They market a new video game to gamers and non-gamers, and they...
-
Under the provisions of the Companies Act 1985 an auditor's report must be attached to a company's financial statements. Is this true for all companies? Explain.
-
A local pizza shop has hired a consultant to help it compete with national chains in the area. Because these national chains handle most business, the local shop operates as a price taker. Using...
-
What increases brain activity and how does it relate to what is consciousness? What leads to the loss of consciousness? illustrate the process of consciousness? is consciousness gradual? Explain. How...
-
What is a commitment fee and how does it affect the interest rate on a line of credit?
-
What is the do nothing alternative?
-
Describe the three responsibilities of project team members.
-
Rank clouds classified as alto, cirro, and stratus according to their altitude, from highest to lowest.
-
How do caves form in subsurface limestone?
-
In what way are glaciers like dirty snowballs?
-
In what way is the greenhouse effect like a florists greenhouse?
-
Why are glaciers powerful agents of erosion? Identify one landform produced by glacial erosion.
-
Kodak had evidently recognised the need for a transformational strategy by 1990. Since that time it has survived, but even its greatest supporters would surely not claim success. Explore the...
-
Gordon and Lisa estimate that they will need $1,875,000 in 40 years for their retirement years. If they can earn 8 percent annually on their funds, how much do they need to save annually?
-
How would the companys cash needs change for the company in Examples 14-1 to 14-5 if they subcontracted out $25,000 of labor per month for $26,000 per month on the first project for the months of...
-
How would the companys cash needs change for the company in Examples 14-1 to 14-5 if the third project started in May instead of February and the retention was not released until the following year?
-
Prepare a cash flow projection for a construction company that currently has two projects under contract for the next year and anticipates picking up a third and fourth project during the year. For...
-
A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T- bill money market fund that...
-
Following is current information about two outstanding bonds of two different corporations , Home Depot, Inc. and Lowe's Companies, Inc. The bonds are identical (i.e., they have the same features and...
-
a. Analyze their stakeholder position, exploring strategies and backup plans. b. Engage in a negotiation role play session, striving to achieve their respective objectives. c. Develop a PowerPoint...
Study smarter with the SolutionInn App