[The Following Information Applies to the Questions Displayed Below

question 31

Multiple Choice

[The following information applies to the questions displayed below.]
On March 1,Hugh Corporation plans to borrow $550,000 from the Scotland State Bank by signing a 12%,15-year note payable.The note calls for 180 monthly payments of $6,000,which includes both interest and principal components.
-Of Hugh's budgeted debt service cost of $6,000 in March,the amount applied to the principal of the note totals:

• A)$500.
• B)$4,000.
• C)$4,500.
• D)$5,000.

---

Definitions:

Anhidrosis

A condition characterized by a reduced ability or inability to sweat, which can affect the body’s ability to cool itself.

Avulsion

The forcible separation or tearing away of a body part or tissue.

Forcibly

Using physical strength, power, or violence to make something happen or to make someone do something.

Tinea

A fungal infection of the skin, also known as ringworm, that can affect various parts of the body and is characterized by ring-shaped, itchy rashes.