A Company Receives a 10%,120-Day Note for $1,500

question 54

Multiple Choice

A company receives a 10%,120-day note for $1,500.The total interest due on the maturity date is: (Use 360 days a year.)

• A)$50.00.
• B)$150.00.
• C)$75.00.
• D)$37.50.
• E)$87.50.

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Definitions:

Affective

Relating to moods, feelings, and attitudes; often used in the context of emotional responses.

Sexual Orientation

A person’s pattern of sexual attraction—to the opposite sex or to the same sex or to both sexes.

Born

Coming into existence by birth.

Intersex

Intersex is a term used to describe individuals born with reproductive or sexual anatomy that doesn’t fit typical definitions of male or female.