Sanders Enterprises Arranged a Revolving Credit Agreement of $9,000,000 with a Group

question 131

Multiple Choice

Sanders Enterprises arranged a revolving credit agreement of $9,000,000 with a group of banks.The firm paid an annual commitment fee of 0.5% of the unused balance of the loan commitment.On the used portion of the revolver, it paid 1.5% above prime for the funds actually borrowed on a simple interest basis.The prime rate was 3.25% during the year.If the firm borrowed $6,000,000 immediately after the agreement was signed and repaid the loan at the end of one year, what was the total dollar annual cost of the revolver?

• A) $285,000
• B) $300,000
• C) $315,000
• D) $330,750
• E) $347,288

Understand the significance of product characteristics in selecting the promotional mix.

Identify the promotional strategies to employ based on the product life cycle stage.

Understand the impact and strategy behind direct-to-consumer advertising in pharmaceuticals.

Comprehend the difference between push and pull promotional strategies.

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Definitions:

Binary Relationship

A binary relationship in databases and data modeling is a type of association that exists between two entities, indicating how records in one entity relate to records in another.

Entities

Any definable units, such as individuals, organizations, or objects, that exist independently with distinct characteristics.

Data Points

Individual units of data, often numerical, that represent a specific measurement or piece of information in a broader data set.

Cardinality

In databases, a term that indicates the nature of the relationship between two entities, showing how many of one entity type are related to one of another.