The proper
tools constitute the HOW of service; the proper motive constitutes the WHY of
service; proper teachings and practices constitute the WHAT of service. The
How, Why and What of service are very significant questions to be able to
assess the different aspects of service.
Answer:
he interest rate on the loan is called the Discount Rate
Explanation:
Discount Rate - The discount rate relates to the interest rate paid on loans from the Federal Reserve Bank by business banks and other economic organizations through the discount window credit system.
And other definition of discount rate is the discount rate relates to the rate of interest used during the Discounted Cash Flow (DCF) assessment to assess the current value of future revenues.
Answer:
a) Adjustment of (16,000) in the Operating Section
Explanation:
The adjustment required in the operating activities section of the cash flow statement is shown below:
Loss of sale of equipment $30,000
Less: Gain on sale of debt investment -$46,000
The net deduction is $16,000
Since there is a loss on sale of an equipment so the same is to be added back and there is a gain on sale of investment with respect to debt so the same is to be deducted
hence, the correct option is a.
Answer:
Warranty liability $2,128
Explanation:
680 phones sold x 5% x $76 per repaired phone = $2,584 total warranty liability
6 phones were repaired during the year x $76 = $456
remaining warranty liability = total estimated liability - money spent repairing phones during the year = $2,584 - $456 = $2,128
total outstanding warranty liability = $2,128
Since phone warranties last less than a year, the full amount should be recorded under current liabilities.
