Tangshan Mining borrowed $10,000 for one year under a line of credit with a stated interest rate of 8 percent and a 10 percent compensating balance. Thus, the firm keeps a balance of about $800 in its checking account
Indicate whether the statement is true or false
FALSE
Business
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Though her team wants immediate answers from Samantha on their requests, she advises them that she will need to check with higher-ups before getting back to them. This most likely means that Quantum Gaming has ______ authority.
Fill in the blank(s) with the appropriate word(s).
Business
A building sold for $157,000. The broker charged a 6 percent commission and divided it as follows: 10 percent to the salesperson who took the listing, one-half of the balance to the salesperson who made the sale, and the remainder to the broker. What was the listing salesperson's commission?
A) $239 B) $942 C) $1,570 D) $4,239
Business