Use the Information to Answer the Following Question(s)

question 72

Multiple Choice

Use the information to answer the following question(s) .
Cypress Systems Inc., of Florida, agrees to sell specialized hydroponic growing equipment to Landcaster's of Australia. Because the two companies have never done business with each other, Cypress requires a banker's acceptance as payment for the $1,000,000 order. The banker's acceptance carries a 1.4% commission per annum and payment is to be received in 6 months. If Cypress Inc. chooses to discount or sell the banker's acceptance to its bank, the discount rate is 1.00% per annum.
-Refer to Instruction 16.1. What is the total Cypress can expect to receive if the firm takes payment today?

• A) $993,000
• B) $995,000
• C) $988,000
• D) $996,000

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Definitions:

Interpersonal Psychodynamic Therapy

A form of psychotherapy that focuses on understanding and resolving internal conflicts and relational issues through the exploration of the patient's interpersonal interactions and emotional states.

Ego Analysis

A psychoanalytic technique focusing on the functions of the ego in dealing with reality, defense mechanisms, and personal identity.

Aversion Therapy

A psychological treatment method that involves pairing a harmful stimulus with an undesirable behavior to reduce the behavior.

Time Limited Dynamic Psychotherapy

A form of psychotherapy that focuses on individual psychological processes and stresses the importance of interpersonal relationships, with therapy occurring within a set timeframe.