A ________ is an agreement between a commercial bank and a business that states the maximum amount of unsecured short-term borrowing the bank will make available to the firm over a given period of time, provided sufficient funds are available
A) revolving credit agreement
B) line of credit
C) commercial paper
D) single payment note
B
Business
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Because r indicates the degrees to which variation in one variable is related to variation in another, it can also be expressed in terms of the decomposition of the total variation
Indicate whether the statement is true or false
Business
Which of the following errors will not cause the debit and credit columns of the trial balance to be unequal?
a. A debit entry was recorded in the wrong account. b. A debit was entered in an account as a credit. c. The account balance was carried to the wrong column of the trial balance. d. The balance of an account was incorrectly computed.
Business