A 60-Day, 12% Note for $7,000, Dated April 15, Is

question 193

Multiple Choice

A 60-day, 12% note for $7,000, dated April 15, is received from a customer on account. The face value of the note is

• A) $6,860
• B) $7,140
• C) $7,840
• D) $7,000

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Definitions:

Humanistic

Relating to a psychological perspective that emphasizes the individual's inherent drive towards self-actualization and creativity.

Biological

Pertaining to the science of life or living organisms and their processes.

Traumatic Secret

Information related to a distressing or disturbing experience that is concealed by an individual, often leading to psychological strain.

Mental Health

A state of well-being in which an individual realizes their own abilities, can cope with the normal stresses of life, can work productively, and is able to make contributions to their community.