For Each of the Following Notes Receivables Held by Christensen

question 149

Essay

For each of the following notes receivables held by Christensen Company determine the interest revenue to be reported on the income statements for the year ended December 31.Round answers to nearest whole dollar.

$\begin{array}{|l|c|c|c|c|}\hline {\text { Date }} & \text { Face } & \text { Rate } & \text { Time } & \begin{array}{c}\text { Interest } \\\text { Revenue }\end{array} \\\hline \text { Aug. 8 } & \$ 45,000 & 7 \% & 45 \text { days } & \\\hline \text { Oct. } 7 & \$ 62,000 & 5 \% & 60 \text { days } & \\\hline \text { Jan. 6 } & \$ 28,000 & 4 \% & 120 \text { days } & \\\hline \text { Nov. 12 } & \$ 43,000 & 6 \% & 49 \text { days } & \\\hline\end{array}$

---

Definitions:

Statistically Significant

A term used to describe a result in data analysis that is unlikely to have occurred by chance alone, indicating a true effect or relationship.

Clinically Significant

A degree of significance in clinical findings indicating that an effect or difference is large enough to matter clinically or impact healthcare decisions.

Analogue Study

Research method in which participants are exposed to conditions that simulate real-life situations to examine psychological processes.

Nonhumans

Refers to beings or entities that are not human, often used in the contexts of research, animal studies, or discussions about artificial intelligence.