Yo Yogurt received a promissory note of $15,500 for 16 months at 8% simple interest from one of its customers. After 9 months, the note was discounted at Gassaway Bank at a discount rate of 10%. What are the proceeds Yo Yogurt will receive from the discounted note? (Round to the nearest cent)

A) $13,846.67
B) $16,152.72
C) $17,153.33
D) $14,595.83


B

Business

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Multinational companies that forbid the payment of bribes and kickbacks in their codes of ethical conduct and that are serious about enforcing this prohibition

A. are out-of-step with business reality given that the preponderance of company managers are immoral. B. face a particularly vexing problem of losing business to competitors that have no scruples-an outcome that penalizes ethical companies and company personnel. C. are in a distinct minority compared to companies that view the payment of bribes and kickbacks as a legitimate or permissible practice. D. are misguided in their efforts because bribes and kickbacks are really no different from tipping for service at restaurants as you pay for a service rendered. E. are generally advocates of the ethical relativism school of thought.

Business

Large companies like Enron, WorldCom, and Arthur Andersen all failed due to their lack of ________.

What will be an ideal response?

Business

DRP is a time-phased stock-replenishment plan for all levels of a distribution network

Indicate whether the statement is true or false

Business

The quality improvement plan includes any improvement methods that were learned from past projects

Indicate whether the statement is true or false

Business