Answer:
The accrued interest at December 31, 2022 amounts to $3,540
Explanation:
Accrued Interest = Amount borrowed × rate × Number of months/ 12
where
amount borrowed is $88,500
rate is 12%
= $88,500 × 12% × 4/12
= $3,540
The accrued interest for one year note is $3,540
Note: Number of months from September to December will be 4 months that is September, October, November and December.
Answer:
Evidence based.
Explanation:
Evidence: It is something that furnishes proof or testimony or something legally submitted to ascertain in the truth of matter.
Evidence basedis the conscientious (effort), explicit (clarity) and judicious (critical of quality) use of the best available evidence from multiple sources to increase the likelihood of a favourable outcome.
Characteristics:
- It’s about the process
- It’s not about certainties (this will work)
- It’s is about probabilities and likelihoods
- It is about reducing uncertainty (given our context this is more likely to lead to the outcome we want than doing something else or doing nothing)
The work process involved in providing the service involves the physical presence of the customer in the system is false.
Explanation:
- The Customer contact refers to the physical presence of the customer in the system.
- creation of the service refers to the work process involved in providing the services.
- There is minimum waste of time and resources in delivering the service.
- service process can be enhanced by the customer who takes a greater role in the production of the service.
