On December 1, 2015, Parsons Inc

question 42

Multiple Choice

On December 1, 2015, Parsons Inc. sold machinery to a customer for $20,000. The customer could not pay at the time of sale, but agreed to pay 9 months later, and signed a 9-month note at 9% interest. What was the total amount of cash collected by Parsons on the maturity of the note?

• A)$21,800
• B)$21,350
• C)$18,650
• D)$21,200

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Definitions:

Introversion

A personality trait characterized by a preference for solitary activities and inward-focused experiences.

Quiet

Characterized by little or no noise, allowing for calmness or tranquility.

Shy

A personality trait characterized by feelings of tension and nervousness in social situations or when meeting new people.

Jung's Psychological Types

a theory by Carl Jung that suggests individuals can be categorized into several psychological types based on their preferences in gathering information and making decisions.