Answer:
Instructions are below.
Explanation:
Giving the following information:
You expect to receive a payment of $600 one year from now.
A) Discount rate= 6%
We need to use the following formula:
PV= FV/(1+i)^n
PV= 600 / (1.06)= $566.04
B) Discount rate= 7%
PV= 600 / (1.07)= $560.75
C) The future value of a certain cash flow declines when the interest rate (discount rate) increases or "n" (time) increases.
Adjusting entry on December 31 with a debit to Interest receivable and credit to Interest Revenue for the interest generated in December.
<h3>
What is an Adjusting entry?</h3>
- Adjusting entries and journal entries used in accounting and accounting to assign income and expenditure to the period in which they actually occurred.
- They are often made at the end of an accounting period. Under accrual-basis accounting, the revenue recognition principle serves as the foundation for adjusting entries related to unearned and accrued revenues.
- Because they are done on balance day, they are occasionally referred to as balance day adjustments.
- Revenues and related costs are recorded in the same accounting period according to the matching concept of accrual accounting.
- The actual money, however, can be received or paid at a separate period.
<h3>What is Interest receivable?</h3>
- The amount of interest that has been earned but has not yet been paid out in cash is known as interest receivable.
- Many organizations won't record this number because they believe it to be irrelevant.
Therefore, it will record an Adjusting entry on December 31 with a debit to Interest receivable and credit to Interest Revenue for the interest generated in December.
Know more about Interest receivables here:
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Answer:
The correct answer would be B, Client Information Sheet.
Explanation:
When a patient is admitted in a hospital and has multiple ailments, like some kidney problem, heart problem, joints problem, blood pressure, sugar, etc, then there would be multiple doctors or the specialists who see the patient. They all will use a common Client information Sheet and put their reviews and suggestions on that sheet so that other doctors also have a look into that before giving medication to the specific patient. This is because all medicines can be just given to the patient without matching with the other medicines. For example there are some medicines of Blood Pressure that cant be given with the medicines of kidneys. So doctors have to give that medicine which matches the rest of the medicines. So when doctors will see the CIS, they will be able to continue the treatment of the patient with ease. So CIS provides continuity when multiple doctors are working on the same patient.
It says that managers don't have to play a leading role under certain conditions.
<u>Explanation:
</u>
Leadership Substitute:
A characteristic of a delegate or a circumstance or condition in which leadership works in place of a leader, inappropriate in leadership. All Leaders of an organization can sometimes work very well without a director controlling the management.
The most important aspects of a company are effective leadership, many experts agree. But sometimes it's not necessary to have leadership.
For example, Raj is a father and that he wants his daughter to do her work. Raj knows he can usually make his daughter do things if he gives her an exchange piece of candy.
However, it's the day after Halloween in this scenario but she already has chocolates. In this respect, Raj's power of leadership has been eliminated, since the normally used award is not effective.
