A Company issued a one-year, 9%, $200,000 note on June 1, 2019. Interest expense for the year ended December 31, 2019 was:
O $18,000
O $13,500
O $12,000
O $10,500
O None of the above

O None of the above

Explanation:

The expenses at the end of December 31, 2019, will be 6 months interest.

Interest = p x r x t

in this case

p= $200,000

r=9% or 0.09

t= 6 months or 0.5 years

Interest = $200,000 x 0.09 x 0.5

Interest = $ 18,000 x 0.5

Interest = $9,000

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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