Multiple Choice
Which of the following borrowers benefits the most from a revolving line of credit?
A) a local grocery retailer located in downtown Toronto
B) an owner of a gift shop with the majority of its annual sales during Christmas season
C) an ice cream seller whose business is located in a Niagara Falls resort
D) a manufacturer of hand tools whose sales are generally evenly distributed throughout the year
Correct Answer:

Verified
Correct Answer:
Verified
Q43: Which statement best describes compensating balances?<br>A)Compensating balance
Q44: Under a public warehouse agreement,the inventory used
Q45: Which of the following statements best describes
Q46: Ferson Inc.has annual sales of $36,500,000,or $100,000
Q48: Because money has time value,cash sales are
Q49: If a firm's customers is stretching its
Q50: Schoof Inc.expects to have sales of $30,000
Q51: Canada Corp.,needs $16,000 for one quarter to
Q52: When the accounts receivable turnover and payables
Q88: Although short-term interest rates have historically averaged