Comfort Shoes received a promissory note from a customer on April 1, 2014 . The face amount of the note is $2,000; the terms are 12 months and 8% annual interest. How much total interest revenue will Comfort Shoes recognize for the year ended December 31, 2014?
a. $ 40
b. $ 107
c. $ 120
d. $ 160
c
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Which of the following refers to expenses other than the purchase price that are associated with the acquisition and use of a product?
A) fixed costs B) ownership costs C) variable costs D) differentiation costs E) opportunity costs
Calculate the frequency if a business with a 45% target market reach produces a GRP of 270
A) 6 B) 7 C) 8 D) 9 E) 10
Which of the following statements is not a disadvantage of structured questions?
A) Coding and processing of data are much less costly and time consuming. B) Considerable effort is required to design effective multiple choice questions. C) Showing respondents the list of possible answers produces biased responses. D) It is difficult to obtain information on alternatives not listed.
Hamlet, a calendar year taxpayer, owns 1,000 shares of Vanity Corporation common stock, which he purchased 2 years ago for $4,000. Hamlet sells all his shares on December 29, 2020, for $2,500. On January 23, 2021, he purchases 600 shares of Vanity Corporation common stock. How much loss can Hamlet recognize in 2020?
A. $- 0 - B. $600 C. $900 D. $1,500 E. $4,000