The UR Bloom Corporation Established a Line of Credit with a a Local

question 138

Essay

The U.R. Bloom Corporation established a line of credit with a local bank. The maximum amount that can be borrowed under the terms of the agreement is $125,000 at a rate of 5%. A compensating balance averaging 10% of the loan is required. If the firm needs $100,000 for six months, what is the dollar cost of the loan and the annual percentage rate (APR)?

Identify the factors that contribute to the formation of intergroup attitudes, including positive and negative influences.

Describe the scientific method and its role in applied social psychology.

Recognize the importance of ethics and values in guiding the work of social psychologists.

Identify the distinctions and connections between basic and applied social psychology.

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Definitions:

Basic Scientific Research

Fundamental investigations aimed at acquiring new knowledge without a particular application or use in mind.

Commercially Viable

Describes a product, service, or business that can generate enough revenue to cover its costs and yield a profit.

Federal Law

Legislation passed by the national government of the United States that applies throughout the country.

Creative Destruction

The hypothesis that the creation of new products and production methods destroys the market power of existing monopolies.