Answer:
True
Explanation:
To illustrate how the sum-of-the-digits method allocates interest we can use a lease example:
You are the lessor and you will lease a machine during 4 years. The lease requires 4 equal payments of $100,000 at the beginning of the year. After the lease, the asset's salvage value = $0.
The asset's current value = $300,000, so total interests received = $100,000
Using the sum-of-the-digits method, you will allocate interest as follows:
- year 1 = 3/6 x $100,000 = $50,000
- year 2 = 2/6 x $100,000 = $33,333
- year 3 = 1/6 x $100,000 = $17,000
The largest portion of interests is allocated during the beginning of the loan.
Answer: C. It is an important basis for effective communication
Explanation:
Credibility is the quality of being able to be trusted. Can people trust the things you say or promise. That is credibility. It is very important in communication because for one to get their ideas across, the people being communicated to must trust and believe what you are saying. For communication to work, utterances must be able to have an impact and if the person communicating does not have credibility, chances are that the people listening will simply ignore what the communicator is saying simply because they don't believe it to be true.
<span>This person would be a "passenger comfort specialist.</span>
Answer:
warranty expense 2,622 debit
warrant liability 2,622 credit
Explanation:
it will declare a warranty liability equal to the expected cost of the warrant. This is done to match the expenses with the time they occur.
Because, the warrants will be claimed in the subsequent years or the sales made this period.
warrant liability/expense: 43,700 x 6% = 2,622
