Answer: Odd first interest payment
Explanation: The Interest paid on the first installment is a odd first Interest payment. Such scenario comes into play when a loan with a fixed installment payment date, which is 6 months in this case (January 1st and July 1st), begins on a date which does not allow the immediate use to f this regular payment schedule. Hence, the odd first Interst payment is adopted in other to enable the lender cove r the initial period before beung able to use the usual regular payment schedule. In this case the odd first Interest schedule is between June 1st to January 1st. After which regular payment schedule commences on July 1st.
Identify
each account as Asset (A), Liability (L), or Equity (E)
A. Accounts
Payable - liability
B. Cash -
asset
C. Owners
Capital- Equity
D. Accounts
Receivable- asset
E. Rent
Expenses - equity
F. Service
Revenue - equity
G. Office
Supplies - asset
H. Owners
Withdrawal - equity
I. Land -asset
J. Salaries
Expenses -equity
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The circumstance is called Conflict of Interest. It is a circumstance in which a man or association is engaged with various interests, money related or else, one of which could degenerate the inspiration or basic leadership of that individual or association.
Answer: True
Explanation: The operations consulting is the evaluation of the operational situation of the company, this helps us to improve the processes. If a customer survey is carried out, for example, regarding the quality of the products and the result is that raw materials or prices must be modified, if corrective measures are made, it is possible that customer satisfaction increases and therefore the fidelity.
