On January 1, 2014, ER Signed a $120,000, 10%, Three-Year

question 36

Multiple Choice

On January 1, 2014, ER signed a $120,000, 10%, three-year, note payable.The proceeds are to be used to purchase a computer and related software for the company.The lending institution advanced proceeds of $115,800 and took a mortgage on the computer.The note is payable in three equal annual instalments starting on December 31, 2014.The effective interest rate to use for this debt is (rounded to the nearest percent; do not interpolate) :

• A)12%.
• B)13%.
• C)10%.
• D)11%.

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Group Reflection

The process by which a group collectively thinks about and discusses its past actions, decisions, and outcomes to learn and improve.

Deserve Punishment

The belief that individuals who have committed wrongdoing or broken rules should face consequences for their actions.

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The degree to which the leader creates an environment of emotional support, warmth, friendliness, and trust.

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Structured sequences of activities and messages designed to promote a product, service, or brand to targeted audiences.