On October 1,2014,Allen Jewelry Company Accepted a 4-Month,10% Note for $2,400

question 26

Multiple Choice

On October 1,2014,Allen Jewelry Company accepted a 4-month,10% note for $2,400 in settlement of an overdue account receivable.If the company accrues interest at year-end only,how much interest revenue should be accrued on December 31,2014?

• A) $80
• B) $60
• C) $240
• D) $40

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Definitions:

Sexual Desire

The psychological arousal and interest in engaging in sexual activities or fantasies.

Primary Motives

Fundamental drives that are biologically driven, such as hunger, thirst, sleep, and avoidance of pain, which are essential for survival.

Unlearned

Not acquired by learning or instruction; often used to describe innate behaviors or reflexes that occur naturally without being taught.

Motive

An internal process that energizes, guides, and maintains behavior towards achieving a goal.