Answer: $600 interest revenue and $0 cash flow from operating activities
Explanation:
Simple interest = PRT/100
P= $36,000 R= 5% per annum
T = sept to dec = 4months = 4/12years
Interest revenue = ($36,000 × 5% × (4/12))/100 = $600
Cash flow from operating activities = $0
Because there is no cash flow yet since it's just 4months into the yearly (12months) loan.
Consolidation Rules Under GAAP
The general rule requires consolidation of financial statements when one company’s ownership interest in a business provides it with A MAJORITY OF the voting power- meaning it controls more then 50% of the voting shares
Customer service is considered the "face of the company" to customers. Meaning, this may be one of the few points of contact a customer has with the company. If you position yourself as a quality product charging a premium price, customers expect a higher level of customer service. This helps with business image as well, because if your customer service is top notch, people will think more highly of your company.