Answer:
Sep 30 (1 month from Sep 1 to Sep 30), accrued interest for the Pippen note is $70 (=$14,000*6%/12*1)
Oct 31 (2 months from Sep 1 to Oct 31), accrued interest for the Pippen note is $140 (=$14,000*6%/12*2)
Oct 31 (1 months from Oct 1 to Oct 31), accrued interest for the Prime Bank is $161 (=$22,800*9%/12*1)
Explanation:
Assuming the interest rate indicated is per annum
The accrued interest = amount of note x interest rate per annum/ 12 month x number of months accrued.
For the note to Pippen issued on Sep 1, then it’s 1 month at Sep 30 or 2 months at Oct 31
For the note to Prime Bank issued on Oct 1, then it’s 1 month at Oct 31
Answer:
<u>Objective control.</u>
Explanation:
Some business objectives require the implementation of internal controls in their processes.
Objective control acts as cloud software that enables the company to monitor all activities, whether internal or external, with the added benefit of mitigating risk, ensuring compliance with required quality and legislative standards, lowering costs and broadening vision on real-time processes.
Answer:
$60.00
Explanation:
Calculation to estimate the stand-alone selling price
Hara Amount $ Note
Staff compensation $50.00
Mark up % 20%
Mark up amount $10.00
(20%*$50)
Standalone selling price of club fitting services $60.00
($50.00+$10.00)
Therefore the estimated stand-alone selling price will be $60.00
Answer: b.) post-purchase evaluation
Explanation:
Post-purchase evaluation as the term implies, is done after the product is purchased and checks how well the product does what it is meant to do.
When Mike asks customers to complete a feedback survey, they will indicate on the survey what they thought of his service such that he would know whether he fulfilled his purpose for the service. This therefore includes the customers in the post-purchase evaluation.
