Answer:
See explanation section
Explanation:
December 31 Interest receivable Debit $4,000
Interest revenue Credit $4,000
Calculation: $600,000 × 8% × (1 ÷ 12) = $48,000 × (1 ÷ 12) = $4,000. Therefore, the monthly interest revenue = $4,000.
<em>As Starr corporation provided a loan on December 1, they received interest revenue for 3 months. However, as the fiscal year closes on December 31, the interest revenue is owed for one month only. </em>
Answer:
the three types of occupation are basic level occupation . medium level occupation and high level occupation
Answer:
The correct answer is letter "A": An inherent limitation to internal control is the fact that controls can be circumvented by management override.
Explanation:
Internal controls limit fraud and other internal activities of the organizations. The organization put it in place to ensure the integrity of its finance and accounting. The main disadvantage of internal control is that it is driven by top executives, who can override internal controls for efficiency purposes but actually it could be being circumvented by collusion.
To find the current yield - take the annual interest payment and divide it by the current bond price.
To find the annual interest payment - take the interest rate and multiply it against the bond's face value.
Annual interest payment = ($1,000)(.0460))
Annual interest payment = $46
To find the current yield - take the annual interest payment and divide it by the current bond price.
Current yield = $46/$950
Current yield = 4.84%
Answer: Exception Question
Explanation:
Exception questions are used in Solution focused therapies. They are used to discover instances when a client's problem could have manifested itself but did not or was less severe.
It is a shift from focusing on the problem to finding ways to achieve a solution. An example is: Tell me about a time when the situation made you angry but you overcame our anger.
This method also makes use of miracle questions, encouraging clients to imagine a life without their problem and a scaling question which asks clients to rate their problem, or the likelihood they would react to a certain situation in a particular way. This can be on a scale from 0 to 10.