For Each of the Following Notes Receivables Held by Christensen

question 100

Essay

For each of the following notes receivables held by Christensen Company, determine the interest revenue to be reported on the income statements for the year ended December 31. Round answers to the nearest whole dollar. $$\begin{array} { | l | r | c | r | r | } \hline \text { Date } & \text { Face } & \text { Rate } & \text { Term } & \text { Interest Revenue } \\\hline \text { Aug. } 8 & \$ 45,000 & 7 \% & 45 \text { days } & \\\hline \text { Oct. 7 } & 62,000 & 5 & 60 \text { days } & \\\hline \text { Jan. 6 } & 28,000 & 4 & 120 \text { days } & \\\hline \text { Nov. 12 } & 43,000 & 6 & 60 \text { days } & \\\hline\end{array}$$

Recognize rationalization strategies used to justify unethical behaviors.

Examine the principles of corporate social responsibility (CSR) and ethical business practices.

Understand the features of an effective ethics training program and its impact on organizational culture.

Assess the role of business in society, including arguments for and against corporate social responsibility.

---

Definitions:

Production Blocking

A phenomenon in group brainstorming where the flow of ideas is inhibited because only one participant can speak at a time.

Social Loafing

The phenomenon where individuals exert less effort on a task when working in a group compared to when working alone.

Production Matching

A cognitive process where individuals match new information with what they have previously learned or experienced.

Distraction

The process of diverting someone's attention from the intended object of focus to something else.