On 1 October 2016,Android Ltd Made a Loan to One

question 87

Multiple Choice

On 1 October 2016,Android Ltd made a loan to one of its customers.The customer signed a 4-month note for $100,000 at 13%.How much interest revenue did the company record in the year 2016?

• A)$4333
• B)$1083
• C)$3250
• D)$1300

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Definitions:

Autonomy

The capacity to make an informed, uncoerced decision; often associated with the ability to act on one's own values and interests.

Hunger

A physical sensation and physiological need prompting the desire to eat, driven by the body's energy requirements.

Esteem Needs

in Maslow's hierarchy of needs, the fourth level, including self-esteem, confidence, achievement, respect of others, and respect by others.

Safety Needs

According to Maslow's hierarchy, these are the second tier of human needs, including security and protection from physical and emotional harm.