Which of the following best describes an aggressive financing policy?
A) financing part or all of the permanent working capital with short-term debt
B) financing part or all of the permanent working capital with long-term debt
C) financing part or all of the temporary working capital with short-term debt
D) financing part or all of the temporary working capital with long-term debt
Answer: A
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Which of the following is defined as the cost of credit expressed as a dollar amount?
a. APR b. Finance charge c. Loan-to-value d. Debt ratios
Seller Martin agreed to give a listing to Broker Hagg, provided that Martin would net $37,000 from the sale after paying the broker's 4% commission and settlement costs of approximately $600. Under these circumstances, Broker Hagg should list the property for at least:
A: $37,000; B: $38,261; C: $39,228; D: $39,167