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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?
Per Unit Costs
The average cost for each unit produced, calculated by dividing the total costs of production by the number of units produced.
Inefficient Use
The allocation or utilization of resources in a manner that does not maximize their potential or economic value.
Resource Prices
The costs associated with acquiring the inputs or factors of production needed to produce goods or services, such as labor, raw materials, and capital.
Variable Costs
Costs that vary directly with the level of production or output, such as materials and labor.
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