Frankenstein Enterprises Received Two Notes from Customers for Sales That

question 130

Multiple Choice

Frankenstein Enterprises received two notes from customers for sales that Frankenstein made to them in 2013. The notes included: Note A: Dated 5/31/2013, principal of $120,000 and interest due 3/31/2014.
Note B: Dated 7/1/2013, principal of $200,000 and interest at 8% annually, due on 4/1/2014.
Frankenstein had accrued interest receivable from these notes of $14,400 on its 12/31/2013 balance sheet. What amount of interest revenue would Frankenstein earn on these notes during 2014?

• A)Above $12,000.
• B)Between $7,000 and 10,000.
• C)Less than $5000.
• D)None of the above is correct.

Perform addition and subtraction operations with fractions and mixed numbers.

Master reducing fractions to their lowest terms.

Understand and apply fraction multiplication and the reduction of products to lowest terms.

Compute total amounts across various practical contexts (e.g., agricultural plots, travel distances, jewelry making).

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Definitions:

Transcription

The process by which the information in a strand of DNA is copied into a new molecule of messenger RNA (mRNA).

Protein

Large biomolecules, or macromolecules, consisting of one or more long chains of amino acid residues essential for the structure, function, and regulation of the body's cells, tissues, and organs.

RNA

Ribonucleic acid, a molecule essential for various biological roles including coding, decoding, regulation, and expression of genes.

DNA

Deoxyribonucleic Acid, a molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.