Trn sold $40,000, of goods and accepted the customer's $40,000 10%, 1-year note payable in exchange. assuming 10% approximates the market rate of return, how much interest would be recorded for the year ending december 31 if the sale was made on june 30? a. $0.b. $2,000.c. $4,000.d. $8,000.

Martha entered into a contract with terry, an art dealer. according to the contract, terry was to supply 18 th century artifacts to martha for the play she was directing, and martha was ready to pay $50,000 for this. another director needed the same artifacts and was ready to pay $60,000. terry decided not to sell the artifacts to martha. in this case, the court may order terry to: