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On October 1,2017,Android,Inc

question 38

Multiple Choice

On October 1,2017,Android,Inc.made a loan to one of its customers.The customer signed a 4-month note for $150,000 at 11%.How much interest revenue did the company record in the year 2017? (Round your answer to the nearest dollar. )


Definitions:

Book Lungs

Respiratory organs in certain arachnids, such as spiders and scorpions, consisting of stacked plates for gas exchange.

Operculum

In bony fishes, a protective flap of the body wall that covers the gills.

Swim Bladders

Gas-filled sacs in fish that help maintain buoyancy in the water column.

Countercurrent Exchange

A mechanism in organisms where two fluids flow in opposite directions, exchanging properties (such as heat or solutes) to allow for efficient transfer.

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