Vivo CoReceived an 8-Month, 9% Note for $100,000 from Its Agent

question 163

Short Answer

Vivo Co.received an 8-month, 9% note for $100,000 from its agent on October 1, 2016.The note is due on May 30, 2017.If Vivo accounting period ends on December 31, 2016, how much interest revenue should Vivo recognize during 2016 and 2017? ​ $\begin{array}{lr}\frac{2016}{} & \underline{2017} \\\text { a. } \$ 3,750 & \$ 2,250 \\\text { b. } \$ 2,250 & \$ 3,750 \\\text { c. } \$ 9,000 & \$ 0 \\\text { d. } \$ 3,375 & \$ 5,625\end{array}$

Recognize the diverse worldviews and how they influence individual beliefs and ethical stance.

Distinguish between a gift and a bribe in a business context.

Acknowledge the critical role of a detailed code of ethics in fostering an ethical sales force climate.

Define the concept of personal integrity in a professional setting.

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Definitions:

Isthmian Canal

Refers to the Panama Canal, a man-made waterway connecting the Atlantic and Pacific Oceans through the Isthmus of Panama, completed in 1914.

France

A country in Western Europe known for its rich history, culture, and contributions to art, philosophy, and science.

Bunau-Varilla

Philippe Bunau-Varilla was a French engineer and soldier who played a significant role in the construction of the Panama Canal and its transfer to the United States.

Panamanians

People originating from or residing in Panama, a country located in the southern part of Central America.