A $10,000, 12%, 60-day note was received 6 days ago. The note is discounted today with the bank charging a 10% discount. What will be the amount of the bank discount?
a. $10,000
b. $153
c. $10,200
d. $47
e. None of the above
b
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Accounting principles require that inventory be reported at the market value (cost) of replacing inventory when market value is lower than cost.
Answer the following statement true (T) or false (F)
Rapid inflation, cyclical unemployment, war, hurricanes, and floods are all examples of
A) diversifiable risks. B) physical hazards. C) nondiversifiable risks. D) speculative risks.
The Uniform Commercial Code governs contracts for
a. services. b. bicycles. c. real estate. d. employment.
Which of the following completes the sentence, '______ refers to the actions an organization takes to correct mishaps and win back dissatisfied customers'?
a. Reputation recovery b. Service recovery c. Customer recovery d. Public relations recovery e. None of these