Ramos Company Has a 90-Day Note That Carries an Annual

question 85

Multiple Choice

Ramos Company has a 90-day note that carries an annual interest rate of 8%.If the amount of the total interest on the note is equal to $900, then what is the principal of the note?

• A)$11,250
• B)$45,000
• C)$64,800
• D)$28,800

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Definitions:

Two-Factor Theory

A psychological theory that proposes motivation and job satisfaction are influenced by two factors: hygiene factors and motivators.

Working Conditions

The environment in which employees operate, which includes physical setup, hours, safety measures, and any other job-related conditions.

Job Dissatisfaction

A negative emotional state resulting from the appraisal of one’s job as frustrating, unsatisfying, or in some way not up to an individual's expectations.

Acquired Needs Theory

A motivational theory suggesting that people's needs are shaped over time by their life experiences, influencing their behavior and performance.