On September 1,2013,Adirondac Marine Supplies Made a Loan to One

question 28

Multiple Choice

On September 1,2013,Adirondac Marine Supplies made a loan to one of its customers.The customer signed a 6-month note for $1,500 at 10%.How much interest revenue did Adirondac record in the year 2014?

• A) $150.00
• B) $12.50
• C) $25.00
• D) $50.00

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Definitions:

Job-Related Knowledge

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Taft-Hartley Act

The United States introduced a federal law in 1947 designed to restrict the range of activities and control of labor unions.

HR Staffs

The personnel within an organization responsible for overseeing hiring, training, employee relations, benefits, and compliance with labor laws, essentially managing the organization's human resources.

Personnel Management

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