Interest compounded quarterly on a $100,000 principal amount at 12% for one year is
A) $11,151.
B) $12,000.
C) $12,551.
D) $12,683.
Answer is B) $12,000.
You might also like to view...
On October 1, Black Company receives a 9% interest-bearing note from Reese Company to settle a $20,000account receivable. The note is due in six months. At December 31, Black should record interest revenue of
a. $0 b. $450 c. $900 d. $1,800
With the community interested in eating healthy, Sue Ellen, a restaurant owner, is considering adding more vegetarian dishes to her menu. This decision is uncertain and risky, and she finally decides to go with her gut feelings. Sue Ellen is exhibiting
A. rational decision making. B. MBO. C. nonrational decision making. D. analytics. E. a code of ethics.
Your department needs a new copier, and your job is to research the options. Based on your research, you have selected an all-in-one machine that you believe will be cost effective and will perform well. What kind of report would you write to present your findings?
A) Feasibility report B) Justification/recommendation report C) Yardstick report D) Progress report
Mergers between firms ________ are known as conglomerate mergers.
A. which are competitors B. in similar industries C. which are upstream/downstream from each other in a supply chain D. in unrelated businesses