Often a bank will require a company to pay off its line of credit (return the balance to zero) and keep it there for a specific period of time each year
For example, a requirement might be that the line of credit remains at a zero balance for at least one sixty-day period each year. This is called the clean-up period.
Indicate whether the statement is true or false.
Answer: TRUE
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Which of the following is not a tip for improving one's self-concept?
a. Eating right b. Exercising c. Sleeping an average of four hours a night d. Practicing positive self-talk
Zipco is in serious negotiations to purchase a chunking machine that will enable them to perform their own chunking at $1 per unit. They currently have their chunking outsourced at a cost of $1.50 per unit and a fixed cost of $45,000
Their marketing team feels that they can sustain an annual volume of 10,000 units. What is the maximum fixed cost that Zipco should be willing to bear in order to perform their own chunking? A) $50,000 B) $45,000 C) $40,000 D) $35,000