On October 1,2018,Equipment Suppliers Company Made a Loan to One

question 33

Multiple Choice

On October 1,2018,Equipment Suppliers Company made a loan to one of its customers.The customer signed a 4-month note for $110,000 at 13%.How much interest revenue did the company record in the year 2018? (Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar.)

• A) $1430
• B) $1192
• C) $4767
• D) $3575

---

Definitions:

Actual Average Time

The real measured time taken on average to perform a task or process, used in evaluating and planning efficiencies.

Portable Electric Saw

A mobile, power-driven tool used for cutting wood and other materials, essential in construction and woodworking.

Constant Allowances

Refers to predesignated time additions allocated to specific tasks in work measurement to account for unavoidable delays or interruptions.

Performance Rating

An evaluation of an employee's or machine's work output against a set standard or within a specific period.