A $12,000 Short Term Loan Was Taken Out on April

question 79

Multiple Choice

A $12,000 short term loan was taken out on April 3,2010 at a simple interest rate of 8%.The amount repaid was $12,481.32.On what date in 2010 was the loan repaid?

• A)October 1
• B)October 3
• C)October 6
• D)October 9

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Definitions:

Operational Strategy

A plan focusing on the efficient allocation and use of resources within a company to achieve its long-term objectives.

Triple Bottom Line

An accounting framework that incorporates social, environmental, and financial performance measures.

Socially Responsible

Refers to ethical practices and policies that aim to positively impact society, the environment, and communities while conducting business.

Corporate Social Responsibility

A company's commitment to manage its social, environmental, and economic effects responsibly and in line with public expectations.