Jupiter Company Signed a One-Year $47,000 Note Payable at 8

question 30

Multiple Choice

Jupiter Company signed a one-year $47,000 note payable at 8% interest on May 1,2016.If Jupiter Company only adjusts its accounts once a year at year-end,how much interest expense was accrued on December 31,2016? (Round any intermediate calculations to two decimal places,and your final answer to the nearest whole number. )

• A)$940
• B)$3,760
• C)$2,820
• D)$3,133

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Definitions:

Extinction

The process of withholding reinforcement for a conditioned response. Extinction has two parts: (1) if, in a given situation, somebody displays a previously reinforced response and the response is not followed by the usual reinforcing consequence, (2) then that person is less likely to do the same thing again when he or she next encounters a similar situation.

Grocery Store

A retail establishment that sells food and other household goods.

Schedule of Reinforcement

A rule or plan that dictates how often a behavior is reinforced, playing a crucial role in the learning process.

Rubbing

A physical behavior involving repeated application of pressure or friction onto the surface of an object or body part, often for sensory feedback or relief.