Ask Question
20 August, 02:41

Friedman roses inc. needs $65,000 in funds for expansion. with a compensating balance requirement of 20%, how much will the firm need to borrow?

a. $16,000

b. $81,250

c. $100,000

d. none of these options

+3
Answers (1)
  1. 20 August, 02:49
    0
    Answer: He will need $81,250
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Friedman roses inc. needs $65,000 in funds for expansion. with a compensating balance requirement of 20%, how much will the firm need to ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers