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:

Retaining

The act of holding back or keeping something in position, often used in the context of maintaining employees or resources.

Development and Training

Programs aimed at improving the efficiency and abilities of personnel in an organizational setting.

Key Human Resource Practices

Fundamental HR functions and processes that are critical for the effective management and development of the workforce, including hiring, training, performance assessment, and employee relations.

Succession Planning

A strategy for identifying and developing new leaders who can replace old leaders when they leave, retire or die, ensuring the organization's future.