menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Fundamental Accounting Principles Study Set 1
  4. Exam
    Exam 9: Accounting for Receivables
  5. Question
    The Banker's Rule Simplifies Interest Computations by Treating a Year
Solved

The Banker's Rule Simplifies Interest Computations by Treating a Year

Question 167

Question 167

True/False

The banker's rule simplifies interest computations by treating a year as having 365 days.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q162: A company received a $15,000, 90-day, 10%

Q163: Morgan had net sales of $310,000 and

Q164: White Company allows customers to make purchases

Q165: Flax had net sales of $7,875 and

Q166: Reporting the details of notes is consistent

Q168: Federal laws prohibit the selling of accounts

Q169: A method of estimating bad debts expense

Q170: Each December 31, Kimura Company ages its

Q171: The advantage of the allowance method of

Q172: If a 90-day note receivable is dated

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines