On October 1,2019,Fashion Jewelers Accepted a 4-Month,12% Note for $7500

question 96

Multiple Choice

On October 1,2019,Fashion Jewelers accepted a 4-month,12% note for $7500 in settlement of an overdue account receivable.The accounting period ends on December 31.Calculate the accrued interest on the note at December 31,2019.(Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar.)

• A) $225
• B) $300
• C) $900
• D) $450

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Definitions:

Motivation

The internal drive or external stimuli that prompt and direct behavior towards achieving personal or organizational goals.

Partial Reinforcement

Means rewarding a behavior only part of the time rather than all the time (it can be applied to punishment as well, but the reward case is simpler).

Punishment

Punishment involves applying a negative consequence or removing a positive reinforcement in response to undesired behaviour, with the aim of reducing or eliminating that behaviour.

Agents

Representatives or intermediaries who act on behalf of others in various transactions or negotiations.