On April 1, 2015, Banne Services Has Received a 6-Month

question 41

Multiple Choice

On April 1, 2015, Banne Services has received a 6-month note for $10,000 at 8%. Calculate the amount of interest receivable on maturity.

• A)$320
• B)$460
• C)$800
• D)$400

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Definitions:

Employer

An individual or organization that hires and pays others to perform services or work as part of a team or company.

Family and Medical Leave Act

A U.S. federal law that provides employees with unpaid, job-protected leave for certain family and medical reasons.

Employers

Individuals or organizations that hire others to perform services or work in exchange for compensation.

Employees

Individuals who are hired by a business or organization to carry out tasks and duties in return for compensation.