A Company Issues a 60-Day, 12% Note for $15,000

question 117

Multiple Choice

A company issues a 60-day, 12% note for $15,000. What is the principal amount of the note?

• A)$16,800
• B)$15,000
• C)$14,700
• D)$15,300

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Definitions:

Service Application Model

A framework that outlines how services are delivered to customers, including the processes, resources, and technologies used.

Information Technology

Refers to the use and integration of computers, software, networking, and the internet to store, retrieve, transmit, and manipulate data or information.

Strategic Partners

Entities or organizations that enter into a partnership to leverage each other's strengths in achieving common goals or objectives.