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vladimir2022 [97]
3 years ago
6

In calculating the bank discount when discounting an interest bearing note, which one of the following is not used in calculatio

n? A. Bank discount rate
B. Maturity value
C. Principal proceeds
D. Discount period
Business
2 answers:
Anna71 [15]3 years ago
4 0
<span>In calculating the bank discount when discounting an interest bearing note, the one that is not used in calculation is: D. Discount period

Here is the equation that used in interest bearing note:
The Principle proceeds + bank discount = Maturity Value

Discount period only determines the amount of time vendor willing to pay for a product in cash.</span>
____ [38]3 years ago
4 0

The correct choice is "C. Principal Proceeds".  This answer is 100% correct

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You go to the grocery store to buy a gallon of milk,expecting to pay $4.50 for it. Once you get there,you discover it is on sale
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A.

Consumer surplus is the benefit consumers enjoy from consuming a product, and is measured by the difference between what they would normally pay (expecting to pay) and what they actually pay. Thusly, the 2 dollar difference is your consumer surplus.
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A company purchased a new delivery van at a cost of $61,000 on July 1. The delivery van is estimated to have a useful life of 5
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it's half a year out of 5, so 1/10 of the useful lifetime of the van

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one tenth of that will be what we are looking for, so option b. should be just right to fit here

4 0
3 years ago
When a company uses a service organization to prepare its payroll, the company's auditors?
Andreyy89

When a company uses a service organization to prepare its payroll, the company's auditors need to understand the internal controls over the transaction regardless of the location of the control.

<h3>What is meant by payroll?</h3>

A payroll is a list of the employees of a company who are eligible for payments and other work perks, as well as the amounts that each person is supposed to receive.

Payroll is the process of paying employees of a business, which includes keeping track of hours worked, figuring out salaries, and sending checks or direct deposits to employees' bank accounts.

A Payroll Specialist with 2-3 years of work experience can earn an average income of up to 7 lakh per year. In addition, you may be eligible for a bonus between INR 30,000 and INR 40,000, based on your performance and work history.

Regardless of where the control is placed, the internal controls over the transaction must be understood by the company's auditors when the firm contracts a service provider to produce its payroll.

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6 0
2 years ago
Jenna approached Al Ternator about joining the business as an owner. She proposed that she continue to provide the technical exp
barxatty [35]

Answer: General partners

Explanation:

General partners refers to the group of two persons operating a business. These partners have the decision making authority in the business and are personally liable for any debt and liabilities of the business.

In the given case, Jenna and Al both are willing to operate a business together. There is nothing mentioned about the limited liability and also the structure is not company so  they could not be majority shareholders.

They are working for themselves and not for others so they are not consultants either.

Hence the correct option is B.

 

8 0
4 years ago
In addition to adhering to industry guidelines and maintaining current certifications, what is an effective way for an instructo
Mashutka [201]

In addition to adhering to industry guidelines and maintaining current certifications the effective way for an instructor to minimize way for an instructor to minimize legal risk and liability is to avoid any discrimination regarding age, sex,gender , etc in the institution.

Given that industry has adopted proper guidelines and has all legal certifications.

We are required to tell another way to minimize legal risk and liability.

Legal risk and liabilities are those problems which should be avoided by a person or an institution.

One legal liability is to follow industry guidelines and having all certifications and the other one is to avoid any discrimination regarding age, sex,gender , etc in the institution.

Hence in addition to adhering to industry guidelines and maintaining current certifications the effective way for an instructor to minimize way for an instructor to minimize legal risk and liability is to avoid any discrimination regarding age, sex,gender , etc in the institution.

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7 0
2 years ago
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