Mirna Gaymar, VP of operations for Rocky Mountain County Bank, has instructed the bank's computer programmer to use a 365-day year to compute interest on depository accounts (payables). Mirna also instructed the programmer to use a 360-day year to compute interest on loans (receivables).
-Discuss whether Mirna is behaving in a professional manner.
-Does this really make a difference?
-What would you do if you Mirna?
-What would you do if you were Mirna's supervisor?