A Six-Month Note Receivable for $4,000 at 12%, Dated September

question 12

Multiple Choice

A six-month note receivable for $4,000 at 12%, dated September 1, 2015, has accrued interest revenue of ________ on December 31, 2015.

• A)$480
• B)$240
• C)$160
• D)$80

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Definitions:

Technical Skills Certificate Program

A structured educational offering designed to provide specific technical skills and competencies.

Program Design

The process of creating a structured plan for a training or educational initiative, outlining objectives, content, materials, and assessment methods.

Apprenticeship

A system of training a new generation of practitioners of a trade or profession through on-the-job training and often some accompanying study.

Direct Costs

Expenses directly tied to the production of goods or provision of services, such as materials and labor.