Sherman Air Charter Signed a Four-Month Note Payable in the Amount

question 61

Multiple Choice

Sherman Air Charter signed a four-month note payable in the amount of $8,000 on September 1.The note requires interest at an annual rate of 6%.The amount of interest to be accrued at the end of September is

• A)$160.
• B)$40.
• C)$480.
• D)$120.

---

Definitions:

Drug Use

The act of consuming substances which can alter the body's physiological or psychological state.

Social Skills

The abilities necessary to interact and communicate effectively with others in a variety of social contexts.

AIDS

Acquired Immunodeficiency Syndrome, a serious and life-threatening condition caused by the human immunodeficiency virus (HIV), which drastically weakens the immune system.

Marijuana

A psychoactive drug derived from the Cannabis plant, used both recreationally and medicinally to alter mood and perception.