On December 1, 2015, Parsons Inc

question 77

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. How much interest revenue was earned during the year 2016?

• A)$900
• B)$1,800
• C)$1,600
• D)$1,200

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Definitions:

Dropouts

Individuals who disengage or withdraw from a program, study, or activity before completion.

Online Experiments

Research studies conducted over the internet, allowing for wider participation and data collection from diverse geographical locations.

Barriers

Obstacles or impediments that prevent or hinder progress toward a goal or completion of a task.