On October 1, 2015, Android Inc

question 44

Multiple Choice

On October 1, 2015, Android Inc. made a loan to one of its customers. The customer signed a 4-month note for $100,000 at 15%. How much interest revenue did the company record in the year 2016 for this note?

• A)$2,150
• B)$3,750
• C)$1,250
• D)$5,000

Analyze scenarios to determine marginal tax rates based on changes in income.

Understand the concept and implications of breach of contract, including early repudiation and self-induced frustration.

Identify the conditions under which a contract can be ended by agreement, performance, frustration, or breach.

Distinguish between conditions precedent, conditions subsequent, and their roles in contract functionality.

---

Definitions:

Gilligan

Carol Gilligan is a psychologist known for her work in moral development and ethical relationships, emphasizing the difference in moral reasoning between males and females.

Kohlberg

A theorist known for his work in the development of moral reasoning.

Justice

The concept of moral rightness based on ethics, law, fairness, and equity that also includes the punishment of wrongs.

Ego Ideal

A component of the psyche, representing an individual's ideal self and the standards by which they measure their behavior.