A $49,000,three-Month,12% Note Payable Was Issued on December 1,2017

question 72

Multiple Choice

A $49,000,three-month,12% note payable was issued on December 1,2017.What is the amount of accrued interest on December 31,2017?

• A)$490
• B)$708
• C)$354
• D)$823

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Definitions:

Price Of Sugar

The cost at which sugar is sold, which can be influenced by factors like production costs, demand, and government policies.

Tooth Decay

The breakdown of teeth due to the effects of acid produced by bacteria on the surface of teeth.

Soft Drink Market

Describes the industry and commercial activities related to the production, distribution, and sale of non-alcoholic, carbonated beverages.

Substitutes In Consumption

Refers to goods or services that can replace each other in use, fulfilling similar needs or desires.