A Six-Month Note Receivable for $6,000 at 13%,dated October 1,2017,has

question 62

Multiple Choice

A six-month note receivable for $6,000 at 13%,dated October 1,2017,has accrued interest revenue of ________ as of December 31,2017.(Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )

• A)$780
• B)$390
• C)$195
• D)$98

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Definitions:

Water Table

The level below which the ground is completely saturated with water, marking the boundary between the area's unsaturated soil and its aquifer.

Overpumping

Pumping of groundwater at a rate that causes severe lowering of the water table in the aquifer or other detrimental effects.

Horizontal

Describes a direction parallel to the ground or the horizon; at 90 degrees to the vertical.

Groundwater

Water present beneath the Earth's surface in soil pore spaces and in the fractures of rock formations.