On October 1,2012,Balkan,Inc.accepted from another corporation a 1-year note receivable in the amount of $15,000,with an interest rate of 6%.How did this transaction affect Balkan's financial statements? 
Definitions:
Cost Function
Represents the relationship between the cost of producing a good and the quantity produced, highlighting how costs change with changes in production volume.
Inverse Demand Function
A mathematical representation that expresses price as a function of quantity demanded, illustrating how price can influence the quantity of a good that consumers are willing to buy.
Stackelberg Leader
In economic theory, a firm in a duopoly that sets its output level first, influencing the subsequent decision of another firm.
Cournot Duopoly
A Cournot Duopoly is a market structure where two companies control the entire market for a particular product or service, and each firm chooses its output level assuming that the other firm's decision is fixed.
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