On Oct1,2020,Othello,Inc

question 33

Multiple Choice

On Oct.1,2020,Othello,Inc.signed a 1-year $75,000 note payable from First National Bank.The loan plus 6% interest is to be paid on Sept.30,2021.Othello's year -end is December 31.In its 2020 financial statements Othello will record interest expense of

• A)$375.
• B)$1,125.
• C)$4,500.
• D)$75,000.

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Definitions:

Corporate Culture

The collection of beliefs, values, practices, and behaviors that defines how a company's employees interact and work together.

Organizational Performance

Refers to how well an organization achieves its objectives and goals, often gauged through financial performance, efficiency, and other key metrics.

Observable Symbols

tangible manifestations or representations of an organization's culture, values, or identity.

Organizational Culture

The set of shared beliefs, values, customs, practices, and behaviors that define a social group or organization.