Answer:
C) $10,000
Explanation:
The last interest payment was made on November 1, so by December 31, two months worth of interest is considered receivable.
Interest receivable = principal x interest rate x time periods = $500,000 x 12% x (2/12) = $10,000
By December 31, no principal payments had been done yet.
Answer:
Promissory agreement.
Explanation:
A promissory agreement can be defined as an evidence of a debt and as such involves the use of a legal financial tool such as a promissory note as a written promise to declare that a party (borrower) would pay another (lender) at a specific period of time.
Thus, when goods are sold to a customer by a business entity and the customer promises to pay an amount of money at a certain future time period it is known as a promissory agreement.
A promissory note can be defined as a signed document that contains a written promise by a customer to pay a specific amount of money to an individual or business firm, on demand or at a certain future time period, for the goods or services purchased.
Answer:
Letter C is correct.<u> Proactive.</u>
Explanation:
In this case, it can be said that Paolo has a proactive personality.
This personality trait is highly valued in the business world. Usually a person with a proactive personality has a very positive business outlook.
They can stand out as entrepreneurs, for being able to anticipate a consumer need and achieve business success. It also has a chance to gain prominence in the corporate environment, due to the effort of planning and executing new tasks and ideas and the possibility of anticipating negative situations and creating opportunities.
The three main sources of federal tax revenue are individual income taxes, payroll taxes, and corporate income taxes. Other sources of tax revenue include excise taxes, the estate tax, and other taxes and fees.
