On December 1, Victoria Company signed a 90-day, 8% note payable, with a face value of $9000. What amount of interest expense is accrued at December 31 on the note? (Use 360 days a year.)
A. $120
B. $720
C. $0
D. $60
E. $180
Answer: D
You might also like to view...
Despite the cycle of abuse inflicted by Bruno, Inez has stayed in their abusive relationship because of which of the following reasons?
A. Inez wants to stay B. Inez’s friends urge her to “try to work it out” C. she thinks she has to stay D. she thinks the abuse is “normal” in relationships
Answer the following statements true (T) or false (F)
1. Espoused values represent the values and norms actually exhibited in the organization. 2. An organization's basic assumptions are difficult to change. 3. For IKEA, whose vision is "to create a better life for the many," the inexpensive LACK side table would be considered a symbol. 4. A ritual is a narrative based on true events, which is repeated and sometimes embellished upon to emphasize a particular value of an organization.
The inferential process by which a resemblance, similarity, or correspondence, perceived between two or more things, suggests that they will probably agree in other ways as well, best describes
A. analogical reasoning. B. semantic resolutions. C. superordinate goals. D. none of these options.
Used Car Center Inc. allows salespeople to charge different customers different prices for essentially the same automobile depending on how good the customer is at negotiating the price. In this scenario, the company uses a:
a. two-part pricing tactic. b. price lining tactic. c. flexible pricing tactic. d. price skimming tactic.