ABC Company Signed a 5-Year Note Payable for $80,000 at 9

question 31

Multiple Choice

ABC Company signed a 5-year note payable for $80,000 at 9% annual interest.What is the interest expense for December 31,2012 if the note was signed on May 1,2012?

• A) $7,200
• B) $4,800
• C) $2,400
• D) $36,000

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Definitions:

Direct Leader

A leadership style that involves straightforward management and communication with subordinates.

Trust Perceptions

Individuals' beliefs or expectations about the reliability, integrity, and honesty of others, which can influence interpersonal and organizational relationships.

Benevolence

The quality of being well-meaning and kindly.

Willingness to be Vulnerable

The degree to which an individual is open to the risk of emotional exposure, harm, or uncertainty in relationships.