West Company borrowed $38,000 on September 1, Year 1 from the Valley Bank. West agreed to pay interest annually at the rate of 9% per year. The note issued by West carried an 18-month term. Based on this information the amount of interest expense appearing on West's Year 1 income statement would be:

Aprofessional hockey team has noticed that, over the past several seasons, as the number of wins increases, the total number of hot dogs sold at the concession stands increases. the hockey team concludes that winning makes people crave hot dogs. what is wrong with the hockey team's conclusion? a) it does not take into account the attendance during each season. b) it does not take into account the number of hamburgers sold during each season. c) it does not take into account the number of concession stands in the hockey arena. d) it does not take into account the number of seasons the hockey team has been in existence.