Genuine Parts received a promissory note from a customer on March 1, 2015 . The face amount of the note is $8,000; the terms are 90 days and 9% interest. What is the total amount of interest that Genuine Parts will receive when the note is paid?
a. $ 60
b. $ 90
c. $180
d. $720
c
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A best practice is to have an oversight of the internal audit function as a responsibility of which of the following?
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A trading-area analysis reveals that a retailer's trading area is strictly based on the trading area of a major department store anchor tenant in the regional shopping center. This can be explained by the _____
a. center's being in retail balance b. center's being overstored c. retailer's being a parasite d. retailer having a small fringe trading area