Jupiter,Inc

question 116

Multiple Choice

Jupiter,Inc.signed a one-year $44,000 note payable at 8% interest on May 1,2016.If Jupiter,Inc.only adjusts its accounts once a year at year-end,how much interest expense was accrued on December 31,2016?

• A)$1,173
• B)$3,520
• C)$2,347
• D)$2,933

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Definitions:

Psychoanalysis

A therapeutic approach that focuses on exploring unconscious thoughts and feelings to resolve psychological tensions.

Cognitive Therapies

A category of psychotherapeutic treatments that emphasize understanding and changing thought patterns and behaviors to treat psychological disorders.

Psychodynamic Therapy

A therapeutic approach that focuses on the psychological forces that underlie human behavior, feelings, and emotions, and how they might relate to early experiences.

Systematic Desensitization

A behavioral therapy technique used to reduce phobic reactions and anxiety through gradual exposure to the feared object or situation paired with relaxation exercises.