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:

Markdown

A reduction from the original or list price of a product, usually to boost sales or clear inventory.

Store Window

A display window in a shop showcasing items for sale or promotion to attract customers.

Dress Price

The pricing strategy specifically applied to clothing items, often considering factors such as brand, quality, and fashion trends.

Brand-Name Merchandise

Products that are marketed under a recognized, established company name, often representing quality, popularity, and market presence.