Franklin Company obtained a $160,000 line of credit from State Bank on January 1, Year 1. The company agreed to accept a variable interest rate that was set at 2% above the bank's prime lending rate. The bank's prime rate of interest and the amounts borrowed or repaid during the first three months of Year 1 are shown in the following table. Assume that Franklin borrows or repays on the first day of each month. Amt Borrowed(Repaid) Prime Rate forthe Month1-Jan$40,000 4.0% 1-Feb (10,000) 4.5% 1-Mar 40,000 5.0% What is the amount of interest expense recognized in March?
A. $292
B. $262
C. $232
D. $408
Answer: D
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A. $16,800. B. $13,000. C. $15,800. D. $7,800. E. $9,800.
The fact that consumers consider a piece of jewelry produced by Cartier to be of the highest quality, even before they have seen it, correlates to the ________ dimension of the BrandAsset Valuator.
Fill in the blank(s) with the appropriate word(s).
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