On December 1, Victoria Company signed a 90-day, 6% note payable, with a face value of $15,000. What amount of interest expense is accrued at December 31 on the note? (Use 360 days a year.)
A. $900
B. $75
C. $225
D. $0
E. $300
Answer: B
You might also like to view...
Due to the European Commission's regulation, McDonald's can only give away soft plastic toys with its Happy Meals in Europe
Indicate whether the statement is true or false
Companies in the same industry competitors often collaborate in establishing a website for one or several purposes.
Answer the following statement true (T) or false (F)
Which of the following is not considered one of the basic elements that serve as the foundation by which leaders develop their teams to achieve maximum performance?
a. avoidance of out-group relationships b. shared values, goals, and vision c. dealing with the paradox of interdependence vs. individuality d. management of virtual teams
Quality in manufacturing simply means a product has to be dependable and free of defects
Indicate whether the statement is true or false