Clancy Co. accepted a two-year noninterest-bearing note for $1,166,400 on January 1, 2020. The note was accepted as payment for merchandise with a fair value of $1,000,000. The effective interest rate is 8%. The cash collection on December 31, 2021, would be recorded as: Multiple Choice Discount on notes receivable 86,400 Cash 1,166,400 Notes receivable 1,166,400 Interest revenue 86,400 Cash 1,166,400 Notes receivable 1,166,400 Cash 1,166,400 Notes receivable 1,000,000 Discount on notes receivable 166,400 Cash 1,166,400 Discount on notes receivable 166,400 Notes receivable 1,166,400 Interest revenue 166,400

About 20 years ago, sturdy light, inc., produced a sturdy, lightweight backpack in a market that was rapidly growing. sturdy light became a leader in this market. eventually, the backpack market reached the maturity stage and slowed down. however, by this time, sturdy light had developed a strong brand name and continued to steadily lead the market. which of the following describes this scenario? a. sturdy light was a star that developed into a cash cow. b. sturdy light was a question mark that developed into a star. c. sturdy light was a dog that developed into a question mark. d. sturdy light was a cash cow that developed into a star.