Firewood,Inc

question 59

Multiple Choice

Firewood,Inc.signed a three-year note payable for $45,000 at 13% annual interest.What is the interest expense for 2017 if the note was signed on August 1,2017? (Do not round any intermediate calculations,and round your final answer to the nearest dollar. )

• A)$2,925
• B)$2,438
• C)$17,550
• D)$5,850

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Definitions:

Emphasize

To give special importance or prominence to something in speaking or writing.

Self-presentation Strategies

Techniques used by individuals to control the impressions others form of them during social interactions.

Ingratiation

Behaving in ways to make oneself likable to others.

Exemplification

Providing examples or instances to illustrate or clarify a concept, theory, or principle.