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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?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M948440

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