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

---

Definitions:

Early Twentieth Century

A period marked by significant technological, social, and political changes globally, spanning from 1901 to 2000.

Buying Power

The capacity of an individual or group to purchase goods or services, often influenced by income and economic conditions.

Wants

Desires or needs that drive consumer behavior, often going beyond basic necessities.

Demands

Consumer desires for specific goods or services supported by the ability and willingness to pay for them.