In october 1, 2019, westfield, inc. sold machinery to a customer for $ 25 comma 000. the customer could not pay at the time of sale, but agreed to pay 12 months later, and signed a 12minusmonth note at 11% interest. how much interest revenue was earned during 2019? round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.

Interest revenue for the year 2019 = $688

Explanation:

Total cost of asset = $25,000

Interest Revenue to be earned = 11% for 12 months

Total interest revenue = $25,000 X 11% = $2750

In the year 2011 the asset is sold on 1 October therefore interest revenue for the year 2011 will be from 1 October to 31 December = 3 months = $2,750 X = $687.50

Interest revenue for the year 2019 = $688

1. avoid them

2. a talk with them

3. ask someone you trust

4. ignore

5. call police