1. You are able to deposit $850 into a bank CD today, and you will withdraw the money only once the balance is $1,000. If the bank pays 5 percent interest, how long will it take for the balance to reach $1,000?
2. With the exception of funding from BIG AL, the amount of short term lines of credit available to your company is primarily dependent upon:
Your Return on Sales
Your Receivables and Inventory
The Debt to Equity Ratio of your company
The Fixed Assets your company owns