Olympic Equipment. borrowed $100,000 on November 1. The note matures in one year and the interest rate is 9%. What amount of interest expense will be accrued on December 31?

A) $4,500
B) $750
C) $1,500
D) $9,000

Answer: C

Business

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All the fast-food restaurants in Houston, Texas, compete to obtain environmental resources in the form of dollars that people are willing to spend on to obtain food conveniently. This group of restaurants is an example of a(n) ________

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