Answer:
Journal Entry for disposal (or) sale of Truck
Explanation:
- Truck (asset) sold for cash, bank, or on credit {On loss}
Cash ac dr (or) Bank ac (or) Debtor ac (Or) ac ... dr
P & L ac ... dr
to Truck ac ... 32000
- Truck (asset) sold for cash, bank, or on credit {On gain}
Cash ac dr (or) Bank ac (or) Debtor ac (Or) ac ... dr
to Truck ac ... 32000
To P & L ac
Answer:
most likely will not be held responsible because of the business judgment rule.
Explanation:
A business judgement rule is a legal provision that protects the board of a company from frivolous legal actions as flregards its business decisions.
Boards of companies are assumed to act in good faith, within their fiduciary standards of loyalty, prudence and care that the board owes to shareholders.
It will have to be proven that the board blatantly violated a code of conduct, otherwise the court will review or question it's decisions.
Answer:
Lenders loose and borrowers gain
Explanation:
Whenever inflation increases the value of money falls and technically erodes interest rates (hence real interest rate falls although nominal rate stays the same)
In the scenario, if the inflation rate rises to 5.5%, then the real interest rate falls further from 1.5% to (5.75% - 5.5%) 0.25%, demonstrating that the lender is loosing further.
Contrarily, the borrower will technically be paying lesser interest to the lender because he will be paying lesser money in value to the lender both in terms of interest and principal
Answer:
Option B (Wheel) is the right answer.
Explanation:
- That was the most suited wheel-based networking architecture. So every team works reasonably amongst the many departments together, communicated as well as worked together as a centralized control through hubs.
- Instead, every crew here works alone and is interconnected to the hub so that it wouldn't immediately impact the activities of some other groups.
The other four alternatives aren't connected to the given scenario. So the above is the right option.
