The discount rate is the interest rate commercial banks:

A) charge their low-risk customers for a loan.
B) savings and loan associations pay for using savings deposit funds.
C) the U. S. Treasury pays individuals who buy Treasury bonds in denominations of $10,000 or more.
D) the Federal Reserve charges banking institutions for borrowing its funds.

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $360,000; cash paid for rent, $44,000; cash paid to employees for services rendered during the year, $124,000; cash paid for utilities, $54,000.in addition, you determine that customers owed the company $64,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,400 at year-end, and the rent payment was for a two-year period.calculate accrual net income for the year.