Define the accrued expenses and prime rate

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Reference no: EM131336733

1. Under what condition or conditions is trade credit not a "cost-free" source of funds to the firm?

2. Define the following:

a. Accrued expenses

b. Deferred income

c. Prime rate

d. Compensating balance

e. Discounted loan

f. Commitment fee.

Reference no: EM131336733

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