Line of credit, Managerial Accounting

It is a commitment by a bank to lend a specific amount of funds on demand identifies the maximum amount of unsecured credit the bank will allow the customer to borrow at any time. The bank will charge additional cost over the general rate of interest as it will maintain the funds obtainable to be made use of the funds through the customer at all times.

Posted Date: 4/9/2013 3:09:05 AM | Location : United States







Related Discussions:- Line of credit, Assignment Help, Ask Question on Line of credit, Get Answer, Expert's Help, Line of credit Discussions

Write discussion on Line of credit
Your posts are moderated
Related Questions
what are the different arguments against direct materials, direct labor, and factory overhead

VALUE ADDED STATEMENTS Are intended to show how much wealth or value has been created by the company’s operations and how the wealth has been shared out to interested groups e.

Vogel's Approximation Method (VAM) This method is a heuristic and usually provides a better starting solution than the two methods described above. However, VAM generally yield

Calculate the charges for single and double rooms assuming that the authority wishes to make a RM10, 000 profits an accommodation

The most ticklish difficulty that is faced through the finance manager is the resolve of the amount of working capital requirement at a specific level of production. To resolve thi

RELEVANT COSTS FOR NON-ROUTINE DECISIONS A relevant cost is a cost that is appropriate to a specific management decision. To be relevant, a cost should be: 1) Future cost

Budgetary control According to CIMA the establishment of budgets relating the responsibilities of executive to the requirement of a policy and the continuous comparison of achi

Implementing management accounting and control innovations are often problematic. Provide a brief commentary around the key factors necessary to give such innovations the best chan

Q. Evaluate a proposed investment? BMP Consulting (BMPC) conducted an analysis of Delta Corp. and found that the firm consists of two different divisions: Pet Lovers, a pet sup

State Material price variance Difference among standard price and the actual price of the material is the material price variance. This variance arises because of various facto