On October 1, 2019, Westfield, Inc

question 107

Multiple Choice

On October 1, 2019, Westfield, Inc. sold machinery to a customer for $25,000. The customer could not pay at the time of sale, but agreed to pay 12 months later, and signed a 12-month note at 9% interest. How much interest revenue was earned during 2019? Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.

• A) $593
• B) $563
• C) $5,067
• D) $2,250

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Definitions:

Social Movement

A collective effort by a large group of people to bring about or resist social change.

Charismatic Leadership

A leadership style characterized by an individual's ability to inspire and motivate followers through their personal charm and persuasiveness.

Organizational Base

Refers to the foundational operations, resources, and structures upon which an organization is built and operates.

Collective Action

The collaborative effort of a group to achieve a common goal, often in pursuit of a social or political change.