On January 1 . 2014, Gravel Company lent $17,800 cash to Paver Company. The promissory note made by Paver for $20,000 did not bear explicit interest and was due on December 31 . 2016 . No other rights or privileges were exchanged. The prevailing interest rate for a loan of this type was six percent. Assume that the present value of $1 for two periods at six percent is .89 . Paver should recognize
interest expense in 2014 of
a. $0.
b. $1,068.
c. $1,100.
d. $1,200.
B
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MGC Inc organizes a company-wide picnic once a year. The organizers arranged for the best possible menu thinking that food would be a priority, but the staff were disappointed because the activities were very poorly planned
What kind of a gap is apparent here? A) gap between perceived service and expected service B) gap between service delivery and external communications C) gap between service-quality specifications and service delivery D) gap between management perception and service-quality specification E) gap between consumer expectation and management perception
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What will be an ideal response