A bank line of credit is a prearranged loan amount that you can access my writing specific checks true or false

Answers

Answer 1
Answer:

Answer: True

A bank line of credit is a prearranged loan amount that you can access by writing specific checks

Explanation:

A line of credit (LOC) refers to a type of loan extended to an individual, organizations or government which establishes the maximum loan amount a customer can borrow. It is a form of arrangement between a financial institution and its customer. It is an open-end credit account that enables borrowers to spend money, repay it, and spend it again. A customer or borrower can access funds from the line of credit in agreement with the maximum amount that is agreed upon because he or she must not exceed the limit. The loan on the line of credit must be paid back within a specified time and at a specified interest rate. It allow a borrower to write checks (drafts) in order to access the loan.

Answer 2
Answer: I'm not 100% sure but I think that its, true?

Related Questions

Based on economic and social measures of development, the United States is considered a __________ country.a. developing b. developed c. underdeveloped d. least developed
Strengths and weaknesses are _____ to the organization; they include factors that either build up or drag down the firm’s performance. Answer environmental contingent external internal
In order for an importer to be found compliant under the concept of informed compliance, it must demonstrate that it has exercised reasonable care in the filing of its Customs entries.
Explain relevancy and viability of insurance
The 529 plan is a type of ____ plana. grantb. scholarshipc. tuition savingsd. financial aid

Is there any disadvantage to a government subsidizing domestic firms to make them able to compete in price with cheaper imported goods?

Answers

They could end up financing them too much and need to borrow more money from China (we are very much in debt right now) nd then we would have more to pay

Bessie wants to calculate the accounting and economic profits of her cattle farm in Nebraska. She pays $30,000 per year in overhead, $80,000 in wages, and $20,000 in insurance. She forgoes $30,000 per year that she could make as a teacher. If her total revenue equals $140,000, that means her accounting profit is _____ and her economic profit is _____.a. $10,000; -$20,000 b. -$10,000; -$10,000 c. $30,000; -$30,000 d. $60,000; $30,000

Answers

Answer:

a. $10,000; -$20,000

Explanation:

Accounting profit is total revenue less total cost.

Economic profit is accounting profit less implicit cost or opportunity cost.

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

Total cost = $30,000 + $80,000 + $20,000 = $130,000

Accounting profit = $140,000 - $130,000 = $10,000

If Bessie didn't start her farm, she would be working as a teacher. thus, her opportunity cost is what she would have been earning as a teacher which is $30,000.

Her economic profit = $10,000 - $30,000 = $-20,000

I hope my answer helps you

What do you mean by load price?

Answers

"Load price" can have different meanings depending on the context in which it is used. Here are a couple of possible interpretations:

1. **Freight or Shipping Cost**: In some contexts, "load price" may refer to the cost associated with loading and transporting goods or cargo. It could be the price a company or individual pays for the transportation of goods from one place to another.

2. **Financial Markets**: In the context of financial markets, "load price" may refer to a sales charge or fee associated with certain types of investment funds, such as mutual funds. It's the fee an investor pays when buying or selling shares of a fund.

To provide a more accurate definition, it would be helpful to know the specific context in which you're encountering the term "load price."

Tom frequently _______ in the 4 of his friends and family. My Answer:a. medals
b. meddles
c. metals
d. mettles

Answers

The correct answer is meddles. The sentence will be phrased as, Tom frequently meddles in the 4 of his friends and family. 
Medals are a noun which is defined as receiving a reward because of an achievement from a specific field.
Metals are inorganic objects such as Aluminium and others.
Mettles doesnt exist. 

A _____ is a document that outlines specific information about your proposed 4, including product, location, and marketing information.a. financial plan
b. franchise agreement
c. partnership contract
d. 4 plan

Answers

A BUSINESS PLAN is a document that outlines specific information about your proposed business, including product, location,and marketing information.

Parts of a business plan are:
1) Cover sheet
2) Table of Contents
3) Executive Summary
4) Part 1 - Organizational Plan
5) Part 2 - Marketing Plan
6) Part 3 - Financial Documents
7) Part 4 - Supporting Document

Final answer:

A Business Plan is what outlines specific information about a proposed idea, including product, location, and marketing information. It is used for starting a business, securing funding, or developing certain projects.

Explanation:

The document that outlines specific information about your proposed idea, including product, location, and marketing information, is termed a Business Plan. This document acts as a roadmap for your business, outlining its objectives, strategies, and financial projections. A business plan helps you to articulate your business concept, evaluate your competition, determine risks, and estimate costs. Consequently, it is an essential tool for starting a business, securing funding, or developing a specific project within an existing business.

Learn more about Business Plan here:

brainly.com/question/36539439

#SPJ12

3.What are some factors that influence a person's credit rating or their ability to get credit? Explain how these factors influence the extension of credit.

Answers

Several factors are taken into account with credit scores. It weighs greatly on debt ratios and payment history. Other items that can influence credit are the length of credit as well as credit inquiries. Credit scores can fluctuate frequently as credit history changes. 
Factors that affect credit scores are: Payment history, amount of outstanding debt, amount of time that the debt has been open, and the amount of new credit. Credit scores can also be affected by what types of credit you have (ie consumer, student debt, mortgages).