A $6,000, 12% note is dated April 21 and is due in 55 days. The amount of interest of the due date of the note would be
a. $45
b. $55
c. $90
d. $110

2. A $4,000, 10% note is dated April 10 and is due in 90 days. The maturity value of the note would be
a. $4,000
b. $4,100
c. $,400
d. 4090

3. Procedures followed in taking an inventory to ensure that no items are missed and that no items are included more than once include
a. persons taking inventory work in pairs
b. information being inventory work in pairs
c. using the specific identification method