Interest: the company has two credit facilities. A term loan that had a balance of $90M at
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Interest: the company has two credit facilities.
A term loan that had a balance of $90M at the end of 2018, scheduled amortization of $5M / quarter and an interest rate of 10% / annum
A revolving credit facility that had an average balance in 2019 equivalent to 10% of 2019 sales, with a rate of 10% / annum
Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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