On December 1,2014,Parsons Sales Sold Machinery to a Customer for $2,000.The

question 122

Multiple Choice

On December 1,2014,Parsons Sales sold machinery to a customer for $2,000.The customer could not pay at the time of sale,but agreed to pay 9 months later,and signed a 9-month note at 12% interest.What was the total amount of cash collected by Parsons when the note matured?

• A) $2,180
• B) $2,175
• C) $2,160
• D) $2,090

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Definitions:

Thymine

A nitrogenous base found in DNA, pairing with adenine through hydrogen bonds.

Guanine

A nucleobase found in DNA and RNA, which pairs with cytosine.

Nucleolus

Dark-staining, spherical body in the nucleus that produces ribosomal subunits.

Ribosomal RNA

RNA molecules that form the core of the ribosome, playing a crucial role in the synthesis of proteins.