LMN CoPlans to Enter into a Secured Term Loan by Assigning

question 124

Multiple Choice

LMN Co.plans to enter into a secured term loan by assigning its receivables of $600,000 with an average maturity date of 30 days.The finance company will loan 75% of the receivables value at 11% interest plus a service fee of 0.05% of the total receivables pledged.What is the total cost of this financing arrangement?

• A)$3,039
• B)$3,872
• C)$4,049
• D)$4,368

Analyze the economic effects of reduced production costs on employment and real income.

Recognize the role of regulations in job market entry and its implications for competition and voluntary exchanges.

Understand the impact of demand changes on the prices and quantities of resources.

Grasp the effects of unions and wage negotiations on employment levels and wages.

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Definitions:

Gram Positive

Refers to bacteria that retain the crystal violet stain used in Gram's method of staining, indicating a thick peptidoglycan cell wall.

Gram Staining

A laboratory technique used to classify bacteria into two groups (Gram-positive and Gram-negative) based on the biochemical properties of their cell walls.

Microorganisms

Microscopic entities, including bacteria and viruses, that may cause infectious diseases but also play essential roles in ecosystems.

Ictotest

A diagnostic test used specifically for detecting the presence of bilirubin in urine, which can indicate liver damage or disease.