On 1 October 2016,Android Ltd Made a Loan to One

question 85

Multiple Choice

On 1 October 2016,Android Ltd made a loan to one of its customers.The customer signed a 4-month bill for $130,000 at 13%.How much interest revenue did the company record in the year 2017 for this bill?

• A)$2817
• B)$5633
• C)$1408
• D)$4225

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Definitions:

Abstinence-Only

A sexual education approach that teaches abstaining from all sexual activities as the only sure way to avoid pregnancy and sexually transmitted infections.

Familism

A cultural value that emphasizes the importance of family connections and loyalty, often associated with collective societies.

Family Closeness

The emotional bonding and strong connections shared among family members.

Communication

The process of exchanging information, ideas, thoughts, and feelings between people through verbal or non-verbal means.