On October 1,2017,Parsons,Inc

question 110

Multiple Choice

On October 1,2017,Parsons,Inc.sold machinery to a customer for $20,000.The customer could not pay at the time of sale,but agreed to pay 10 months later,and signed an 10-month note at 10% interest.How much interest revenue was earned during 2017? (Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )

• A)$530
• B)$500
• C)$3,500
• D)$1,667

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Definitions:

Nonsense Syllables

Random strings of letters without inherent meaning, often used in memory and learning experiments to study the processes of human cognition.

Ebbinghaus

Refers to Hermann Ebbinghaus, a psychologist known for his research on memory, specifically the forgetting curve and the spacing effect.

Multiple-Choice

A type of question or survey format that presents respondents with several answers and requires them to select the correct one.

Recognition

The cognitive process of identifying previously encountered information, such as objects, situations, or people, from among available options.