Examlex
If you borrow $2,000 from a bank for one year at a stated annual interest rate of 14 percent,but interest is prepaid (a discounted loan) ,then what is your effective annual rate?
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity, providing a more accurate comparison between actual and budgeted performance.
Spending Variance
The difference between the budgeted amount of expense or cost and the actual amount spent.
Tenant-Days
A measure in property management indicating the total number of days tenants occupy a property within a given period.
Food and Supplies
Items necessary for the operation of a business, especially in the hospitality and retail sectors, including consumable items and essential supplies.
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