Delta Company Was Accruing Interest on a Note Receivable at the End

question 108

True/False

Delta Company was accruing interest on a note receivable at the end of 2014. The note had principal of $10,000, an interest rate of 8%, and it had been outstanding for three months. Delta should accrue $200 of interest income for 2014.

---

Definitions:

Big Data

Describes extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.

Matches Reality

This term is not well-defined in a broad technical context and could be interpreted variously depending on the field; however, it generally suggests the degree to which a model or simulation accurately represents the real world.

Spreadsheet

A program designed for organizing, analyzing, and storing data in tabular form, often featuring calculation, graphing, and pivot table functions.