Global Enterprises Company Signed a One-Year $48,000 Note Payable at 8

question 108

Multiple Choice

Global Enterprises Company signed a one-year $48,000 note payable at 8% interest on April 1,2018.If Global only adjusts its accounts once a year at year-end,how much interest expense was accrued on December 31,2018? (Round any intermediate calculations to two decimal places,and your final answer to the nearest whole number.)

• A) $960
• B) $3,840
• C) $2,880
• D) $3,200

Recognize the role of proactive change management in organizations.

Understand the concept and benefits of employee leasing.

Identify the demographic challenges and trends affecting organizations.

Recognize strategies to address workforce aging and retirement.

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Definitions:

Chronological Age

Refers to the actual age of a person as measured in years from the date of their birth to the current date.

Chronological Age (CA)

A person’s age.

Mental Age (MA)

The accumulated months of credit that a person earns on the Stanford–Binet Intelligence Scale.

Intellectual Functioning

Refers to the general mental capacity, including reasoning, problem-solving, planning, abstract thinking, judgment, academic learning, and learning from experience.