On March 1,2018,Mandy Services Issued a 3% Long-Term Notes Payable

question 179

Multiple Choice

On March 1,2018,Mandy Services issued a 3% long-term notes payable for $15,000.It is payable over a 3-year term in $5000 principal installments on March 1 of each year,beginning March 1,2019.Each yearly installment will include both principal repayment of $5000 and interest payment for the preceding one-year period.What is the amount of total cash payment that Mandy will make on March 1,2019?

• A) $5000
• B) $5450
• C) $15,000
• D) $5225

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Definitions:

Supportive Leader

A leader who shows concern for followers' well-being and nurtures a positive, encouraging work environment.

Coaching Leader

A leadership style where the leader focuses on developing employees' skills, ensuring growth and performance improvement through guidance rather than direct control.

Delegating Leader

A leadership style characterized by the assignment of tasks and responsibilities to team members, empowering them to make decisions within their roles.

Situational Approach

A leadership model that suggests the effectiveness of a leadership style is contingent upon the context or situation.