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A formal communication channel in a company can often serve an informal, social purpose such as containing a classified ad section.

On Sep 28, 2024


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Define a note receivable and explain how to calculate the interest due on a short-term note receivable.

On Sep 22, 2024


A note receivable is a promissory note,which is a written promise to pay a specified amount of money either on demand or at a definite future date.Interest on a note receivable that matures in less than one year is calculated by multiplying the principal of the note times the annual interest rate times the time expressed in fraction of year.