If a $40,000,6%,note Receivable with a Two-Year Maturity Date Was

question 104

Multiple Choice

If a $40,000,6%,note receivable with a two-year maturity date was signed three months ago,how much interest has been earned?

• A)$2,400
• B)$600
• C)$4,800
• D)$300

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Definitions:

Assignment Of Tasks

The distribution of specific duties or jobs to individuals or teams within an organization or project.

Downward Communication

The flow of information from higher levels of an organizational hierarchy to lower levels.