A Three Month, 10% Note for $8,000, Dated April 15

question 66

Multiple Choice

A three month, 10% note for $8,000, dated April 15, is received from a customer. The principal of the note is:

• A) $200.
• B) $8,000.
• C) $8,200.
• D) $8,800.

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Definitions:

Water Shortages

Situations where the available water supply is unable to meet the water demand, often due to drought, overuse, or contamination.

Volcanic Activity

The process of magma rising to the surface, resulting in eruptions that may release lava, pyroclastic material, and gases.

Oil Field

The region in the subsurface that contains petroleum, especially oil; also the projection of that area to the surface.

Volcanic Eruptions

Natural geological phenomena involving the release of gases, ash, and molten rock from beneath the Earth's surface.