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Sybil Crumpton, vice president of operations for Bob Marshall Wilderness Bank, has instructed the bank’s computer programmer to use a 365-day year to compute interest on depository accounts...

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Sybil Crumpton, vice president of operations for Bob Marshall Wilderness Bank, has instructed the bank’s computer programmer to use a 365-day year to compute interest on depository accounts (payables). Sybil also instructed the programmer to use a 360-day year to compute interest on loans (receivables).

Discuss whether Sybil is behaving in a professional manner.

 

Answered Same Day Dec 25, 2021

Solution

Robert answered on Dec 25 2021
131 Votes
Sybil Crumpton, vice president of operations for Bob Marshall Wilderness Bank, has instructed the
ank’s computer programmer to use a 365-day year to compute interest on depository accounts
(liabilities). Bev also instructed the programmer o use a 360-day year to compute interest on loans...
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