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Lecture 16

MGAB01H3 Lecture Notes - Lecture 16: Canadian Securities Administrators, Chief Financial Officer, Internal Control


Department
Financial Accounting
Course Code
MGAB01H3
Professor
Liang Chen
Lecture
16

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(-.'/.
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o(Amount Saved ÷ Amount Paid) = Interest Rate for 20 Days
oInterest Rate for 20 days= 2/98= 2.04 %
oAnnual interest rate= 365/ 20 days x 2.04%= 37.23%
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To record the sale of the merchandise
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"E(F'GHF'...>@
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