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erma4kov [3.2K]
3 years ago
5

Kieso Company borrowed $630,000 for five months. The annual interest rate on the loan was 12%. Kieso's fiscal year ends on Decem

ber 31. Kieso borrowed the $630,000 one month prior to the start of its current fiscal year and paid back the $630,000 plus interest four months into its current fiscal year. In regards to this loan, how much interest expense, if any, would Kieso report at the end of its last fiscal year? At the end of its current fiscal year?
Business
1 answer:
dusya [7]3 years ago
6 0

Answer:

1.$62,748

2. $31,752

Explanation:

The computation of End of fiscal year and current fiscal year is given below:-

End of fiscal year = Borrowed amount × Interest rate × one month ÷ Total number of months

= $630,000 × 12% × 1 ÷ 12

= $630,000 × 12% × 0.083

= $62,748

Current fiscal year = Paid back amount × Interest rate × Four month ÷ Total number of months

= $630,000 × 12% × 5 ÷ 12

= $630,000 × 12% × 0.42

= $31,752

So, we applied the above formula.

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4 0
3 years ago
When comparing mission statements of rival​ firms, perhaps the most important component to examine is​ what?
Veseljchak [2.6K]

Answer:

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When comparing mission statement of rival forms it is beneficial to try and get insights into their self-concept, so that strategies to compete with them can be formulated.

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2 years ago
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Answer:

No

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A great customer service will keep customers happy and satisfied, this will in turn make them want to come back to do more business. A satisfied customer will go extra length to recommend others to the company but unsatisfied customer that feels that his needs weren't addressed properly or his request wasn't attended to, such customer will not likely but from the company and also bad mouth the company to others and this will leave a great impact on the company growth.

In summary, no company in a specific industry would survive or get by without having customer service as this is part of what makes a company grow.

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ipn [44]

Firms should emphasize the importance of consistently good customer service to its employees in order that good customer service becomes a part of the organizational culture.

Organizational culture is that the collection of values, expectations, and practices that guide and inform the actions of all team members. consider it because the collection of traits that make your company what it's. a good culture exemplifies positive traits that result in improved performance, while a dysfunctional company culture brings out qualities that may hinder even the foremost successful organizations. Organizational culture affects all aspects of your business, from punctuality and tone to contract terms and employee benefits. When workplace culture aligns together with your employees, they’re more likely to feel softer, supported, and valued. Companies that prioritize culture may also weather difficult times and changes within the business environment and are available out stronger.

Learn more about Organizational culture.

brainly.com/question/16049983.

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6 0
1 year ago
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sukhopar [10]

Answer:

The correct choice is D

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