Instructions Which of the Following Client Statements Represents Concrete Client

question 7

Short Answer

Instructions
Which of the following client statements represents concrete client statements, and which represents abstract/formal operational thought?
-____ "I dropped my child off at school and said 'good-bye' in my native language as that is what we speak at home. A teacher came by and told my son that he had to stop using our language because he is now an American."​
A)for concrete client statement
B)for abstract/formal operational thought

• A)for concrete client statement
• B)for abstract/formal operational thought

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Definitions:

Present Value Factors

Mathematical factors used to calculate the present value of a future amount of money or stream of cash flows given a specified rate of return.

Yield 10%

Represents the annual return on an investment, expressed as a percentage of the investment's cost. Here, the investment is expected to return 10% annually.

Bond Interest Expense

The cost that an issuer of bonds incurs over the bond term as interest payments to bondholders, as dictated by the interest rate of the bond.

Floating-rate Debt

A form of borrowing where the interest rate varies over time with market conditions, opposed to fixed-rate debt.