On May 1, 2020, SBC INC

question 21

Multiple Choice

On May 1, 2020, SBC INC. buys a computer listed for $12,600. The office supply store agrees to accept a $1,600 down payment and a $11,000, three-year note payable at $3,500 per year. The company's banker has suggested that an appropriate market rate is 11% per annum for loans that mature in one year or less and 14% for loans with longer maturities. At what amount will the note be recorded at in the accounting records?

• A)$1,800
• B)$8,126
• C)$8,553
• D)$11,000

Understand the importance of competitive scope and market segmentation in strategy formulation.

Recognize the critical factors necessary for maintaining cost leadership.

Analyze the role of innovation, creative ideas, and aesthetics in differentiation strategies.

Identify the factors contributing to competitive advantage in marketing strategies.

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Definitions:

Primary Circular Reactions

Early repetitive behaviors in infants that focus on the body and are instrumental in the development of cognitive processes.

Tertiary Circular Reactions

The stage in Piaget's sensorimotor phase (usually around 12-18 months of age) where infants start experimenting with new behaviors through trial and error.

Coordination

The ability to use different parts of the body smoothly and efficiently together, often important for physical activities and sports.

Intentionality

The quality of being deliberate or purposeful in actions, thoughts, or communications.