On October 1, 2015, Android Inc

question 35

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 2015?

• A)$1,500
• B)$1,250
• C)$5,000
• D)$3,750

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Definitions:

HCl

Hydrochloric acid, a strong acidic compound found in gastric juice that aids in digestion and kills bacteria.

Fundus

The upper part of the stomach, which creates a reservoir for undigested food and gas produced during digestion.

Pyloric

Pertaining to the region of the stomach that connects to the duodenum, involved in the regulation of gastric emptying.

Celiac Disease

An autoimmune disorder where the ingestion of gluten leads to damage in the small intestine, impairing nutrient absorption.