Answer:
b. Less than the effective interest rate
Explanation:
The stated discount rate on this loan is Less than the effective interest rate
As the note is noninterest-bearing note, the stated discount rate on this loan is less than the effective interest rate.
Answer:
Credit to cash for 250
Explanation:
As in the question it is given that the customer is paid for $250 for purchase made in the first week of January.
And, in the bank statement it is shown that it was a NSF check.
Now the adjusting the company cash balance for reconciling the item would include a credit for cash for $250 so that the balance should be equaled
Answer: (C) Controlling
Explanation:
The controlling is one of the type of management function that helps in managing the various types of organizational function and also it helps in achieve the desirable goals.
It basically take various types of corrective actions for effectively managing the resources and also helps in improving the performance of the company.
According to the given question, the controlling is one of the management function that efficiently illustrating the given scenario.
In the vermilion inc, the top management of the company realized that at the time of construction of the plant shows some technical defects and the technical specialists of an organization try to resolve the given issue.
Therefore, The given process is known as the controlling management function.
Answer:
Explanation:
31% mark up based on cost
$100 * 1.31 = $131
Same mark up based on selling price
$131 - $100 = $31
Therefore, our percent mark up if selling price were the base; =$31/$131 * 100 = 23.66%
