On December 1,2018,Restaurant Equipment Company Sold Machinery to a Customer

question 169

Multiple Choice

On December 1,2018,Restaurant Equipment Company sold machinery to a customer for $25,000.The customer could not pay at the time of sale but agreed to pay 9 months later and signed a 9-month note at 11% interest.What was the total amount of cash collected by Restaurant Equipment on the maturity of the note? (Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar.)

• A) $27,750
• B) $27,063
• C) $22,938
• D) $2063

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Definitions:

Waiting-Line Models

Mathematical models used to analyze the processes and queues in systems where there is demand for service and to predict waiting times and process efficiency.

Operations

Activities involved in the day-to-day running of a business for the purpose of producing value for the stakeholders.

Maintenance Activities

Tasks undertaken to keep equipment or facilities in good working condition and to prevent breakdowns.

Shop-Floor Control

A system used to manage, control, and track the process and production flow on the manufacturing shop floor.