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Issue:

Miscellaneous

 

Written by:

Mary D

 

Date added:

August 15, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 642

 

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This is to balance such things, like bank loans, bad debts and loan repayments to mention a few. Lawrence Sports is an organization that manufactures and distributes equipments, as the finance manger the company has advise the borrowed amount should not be more $1.2 million and ensure the interest rate is at a manageable level “To finance its investment in current assets, a company may rely on a variety of short-term loans” (Brealey-Meyers-Allen, 2005, p...
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“This line of credit may be an evergreen credit with no fixed maturity, but more commonly it is a revolving credit (revolver) with a fixed maturity of up to three years” (Brealey-Meyers-Allen, 2005, p.856). Rate of Interest Lawrence Sports has agreed with the finance manager to limit the borrowed amount to $1...
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