Idaho Mining, Inc. borrows at prime plus 1.5% on its line of credit. The line requires a 15%
compensating balance. If the prime rate is 9% and Idaho Mining plans on borrowing for a period of
one year, what is the nominal APR of the line of credit?
A) 6.0% B) 9.0% C) 12.4% D) 10.6%
C
Business
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Ensuring that there is adequate cash to pay the firm's suppliers is an example of which cash-related activity in the cash flow cycle?
A) Operating activity B) Profitability activity C) Investing activity D) Financing activity
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The program manager must ________ all the different projects and make sure the overall business goals are being met
A) outsource B) link C) use D) offshore
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