Lars was charged 10.5% interest and paid $475 interest on a simple interest loan for 30 days from his local bank. How much did he borrow? Use exact interest. (Round to the nearest cent)
$55,039.68
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Which of the following items is NOT included in FASB's conceptual framework of accounting theory?
A) qualities of useful accounting information B) fundamental principles and assumptions that guide financial accounting and reporting C) objectives of financial reporting D) All of these choices are included in the conceptual framework
Which of the following is not considered a general expense?
a. utilities expense; b. rent expense; c. telephone expense; d. office supplies expense; e. sales salaries expense.
Under the accrual method of accounting when a firm has substantially completed its value-adding activities it should recognize ____________________
Fill in the blank(s) with correct word
The marketing manager for Ned's Bar and Grill notices that his typical customer is a male college student. In the context of external information sources, he is using ________ to define his market.
A. demographics B. stereotypes C. estimations D. visual cues E. instincts