레이블이 Provision for Uncollectible Accounts인 게시물을 표시합니다. 모든 게시물 표시
레이블이 Provision for Uncollectible Accounts인 게시물을 표시합니다. 모든 게시물 표시

2013년 11월 26일 화요일

About 'provision for bad debt'|How to speak publisher - B is for Bad debt







About 'provision for bad debt'|How to speak publisher - B is for Bad debt









               As               SAC's               business               financial               analyst,               I               have               been               tasked               with               the               duties               of               providing               the               Board               of               Directors               and               the               executive               management               team               with               the               pertinent               financial               statements               that               are               necessary               for               helping               in               the               management               of               the               company.

Things               that               I               will               cover               are               the               statement               consists               of,               how               the               information               will               be               used               by               the               management               team,               how               it               will               help               them               manage               the               company,               its               limitations,               synopsis               of               the               company               as               a               whole               just               from               looking               at               the               data               in               these               statements.
               The               first               area               I               will               cover               is               the               different               type               of               financial               statements               and               their               purposes.

Financial               statements               are               a               crucial               part               of               a               company's               well               being.

In               blatant               speech,               a               financial               statement               is               all               about               showing               the               money.

They               actually               give               a               view               of               where               a               company's               money               is               coming               from               and               where               it               is               going,               and               the               current               state               of               it.

In               saying               this,               at               the               minimal,               there               are               at               least               four               statements               that               are               crucial               in               answering               the               question               of               the               company's               state               of               being               on               a               financial               basis.

They               are:               balance               sheets,               income               statements,               cash               flow               statements,               and               statement               of               the               shareholders'               equity.
               Balance               sheets               consist               of               things               such               as               what               SAC               owns               and               what               it               owes.

To               elaborate               a               little               further,               it               gives               more               precise               information               on               the               company's               assets               or               what               it               has               from               a               value               standpoint.

This               ranges               from               physical               items               to               equipment               or               its               inventory.

This               can               even               be               intangible               things               such               as               the               company's               trademarks               or               patents.

Liabilities               are               described               as               what               the               company               owes               to               others               (i.e.

banks,               rent,               suppliers,               employers,               taxes,               and               the               government.

To               get               a               better               understanding               of               how               to               construct               a               balance               sheet               you               would               use               the               formula:
               1.

Assets=Liabilities+Shareholders               Equity               The               assets               have               to               equal               or               at               least               balance               that               of               when               the               liabilities               and               the               shareholders               equity               are               added               up.

This               will               be               done               basically               at               the               end               of               a               reporting               period.
               Then               there               is               the               income               statement               in               which               it               is               a               report               that               gives               a               picture               of               how               much               the               company               has               earned               over               a               period               of               time               (i.e.

quarters,               semi-annual,               or               annually).

It               is               made               up               of               the               costs               or               expenses               accrued               over               that               given               period.

To               sum               it               up,               it               shows               the               company's               losses               or               net               profits.

This               statement               is               where               the               earnings               per               share               is               reported               and               this               will               give               an               idea               of               how               much               each               shareholder               would               get               if               the               company               decided               to               or               had               to               pay               them               out.

In               order               to               determine               this,               you               simply               take               the               total               net               income               of               the               company               and               divide               it               by               the               number               of               outstanding               shares.
               Once               all               of               these               things               have               been               calculated               and               looked               at,               the               income               tax               is               the               final               thing               that               is               deducted               and               this               leads               to               whether               SAC               has               a               net               profit               or               net               loss               during               the               period.
               The               third               statement               is               the               cash               flow               statement               which               deals               with               SAC's               money               that               is               flowing               in               and               the               money               flowing               out               of               the               company.

Its               importance               is               that               the               cashflow               statement               shows               it               or               not               if               a               company               actually               generated               any               cash.

Cash               flow               statements               look               at               three               different               activities               which               are:               its               operating               activities,               investing               activities,               and               its               financing               activities.
               The               fourth               statement               is               the               financial               statement               ratios.

It               consists               of               numerous               ratios               (i.e.

debt               to               equity,               inventory               turnover,               operating               margin,               price               to               equity               ratio,               and               price               to               equity               ratio).
               The               calculations               that               you               use               to               determine               how               these               ratios               will               be               calculated               are               listed               below:
               1.

Debt-to-Equity               Ratio:               Debt-to-Equity               =               Total               Liabilities               /               Shareholders'               Equity
               The               debt               to               equity               ratio               compares               a               company's               total               debt               to               shareholders'               equity.

These               numbers               actually               are               found               on               a               company's               balance               sheet               and               is               calculated               by               dividing               a               company's               total               liabilities               by               its               shareholder               equity.
               2.

Inventory               Turnover:               Inventory               Turnover               Ratio               =               Cost               of               Sales               /               Average               Inventory               for               the               period
               This               calculation               compares               a               company's               cost               of               sales               on               its               income               statement               with               its               average               inventory               balance               for               the               period.

To               calculate               the               average               inventory               balance               for               the               period,               look               at               the               inventory               numbers               listed               on               the               balance               sheet.

Take               the               balance               listed               for               the               period               of               the               report               and               add               it               to               the               balance               listed               for               the               previous               comparable               period,               and               then               divide               by               two.

In               calculating               the               inventory               turnover               ratio,               you               divide               a               company's               cost               of               sales               by               the               average               inventory               for               a               particular               period.
               3.

Operating               Margin:               Operating               Margin               =               Income               from               Operations               /               Net               Revenues
               The               operating               margin               compares               a               company's               operating               income               to               net               revenues.

These               numbers               are               found               on               a               company's               income               statement               and               is               calculated               by               dividing               a               company's               income               from               operations               (before               interest               and               income               tax               expenses)               by               its               net               revenues.
               4.

Price               to               Equity               Ratio:
               P/E               Ratio               =               Price               per               Share               /               Earnings               per               Share
               The               P/E               ratio               compares               a               company's               common               stock               price               with               its               earnings               per               share.

This               is               calculated               by               dividing               a               company's               stock               price               by               its               earnings               per               share.
               5.

Working               Capital:               Working               Capital               =               Current               Assets               -               Current               Liabilities
               The               working               capital               is               the               money               that               is               leftover               if               a               company               decide               to               pay               its               current               liabilities               or               debts               due               within               one-year               of               the               date               of               the               balance               sheet)               from               its               current               assets.
               To               bring               all               of               the               statements               together,               they               are               all               pretty               much               related               in               a               sense.

Changes               that               can               be               seen               in               assets               and               liabilities               are               what               you               will               see               on               the               balance               sheet               anyway               and               those               then               will               be               reflected               in               the               revenues               and               expenses               that               will               be               seen               on               the               income               statement.

This               in               essence               will               result               in               the               company's               gains               or               losses.

Then               as               for               cash               flows,               they               provide               more               information               about               cash               assets               that               are               listed               on               a               balance               sheet               also.

Cash               flow               statements               are,               as               I               said               very               much               listed               on               the               balance               sheet               but               are               not               as               much               so               related               or               equivalent               to               the               net               income               that               is               shown               on               a               income               statement.

So,               although               all               of               these               statements               are               very               crucial               in               determining               the               whole               conglomerate               of               a               company,               just               one               statement               by               itself               does               not               complete               the               process.

It               takes               all               of               them               to               tell               the               whole               story               and               when               they               are               combined,               they               provide               very               powerful               information               for               the               company.
               How               will               the               information               that               you               provide               on               a               financial               statement               be               used               by               the               management               team?
               Information               that               is               calculated               on               financial               statements               have               numerous               purposes               and               can               be               used               by               different               people               ranging               from               owners               and               managers,               to               that               of               the               employees.

This               in               essence               from               the               view               of               the               managers,               they               need               this               information               to               make               business               decisions               as               it               relates               to               the               company               and               its               business               operations.

An               analysis               is               done               to               give               them               more               detailed               information               about               the               figures               that               were               calculated.

This               information               is               definitely               used               as               a               major               part               of               the               annual               report               that               the               management               team               will               give               to               the               stockholders.

They               use               information               from               income               statements               for               the               purposes               of               hiring               new               employees.

Other               things               that               managers               are               concerned               with               when               it               comes               to               financial               statements               are               that               it               will               tell               them               if               they               can               afford               new               equipment               or               other               operating               expenses               and               even               where               they               need               to               cut               expenses               if               the               profit               for               the               company               is               relatively               low.
               How               will               it               help               them               manage               the               enterprise?
               When               it               comes               to               financial               statements,               they               are               very               crucial               in               many               ways.

In               fact,               creating               regular               financial               statements               will               help               to               keep               an               accurate               count               on               the               progress               of               the               company.

As               I               listed               earlier,               the               income               statements               and               cash               flow               sheets               are               detrimental               I               the               process.

By               maintaining               accurate               records,               it               helps               the               company               to               know               the               trends               in               their               sales               and               expenditures               so               that               if               problems               were               to               arise,               they               can               handle               the               issues               before               they               get               to               difficult               to               manage               from               a               financial               standpoint.
               What               are               the               limitations               of               the               information               regarding               financial               statements               that               you               provide               to               the               management               team?
               
               Financial               statements               have               numerous               limitations               when               it               comes               the               data               that               will               be               given               to               management.

It               is               evident               that               these               statements               are               basically               based               on               factors               that               are               historical               I               nature.

The               first               thing               that               limits               financial               statements               is               that               sometimes               the               financial               position               of               a               company               that               is               disclosed               is               not               correct               or               accurate               simply               because               they               end               up               leaving               some               of               the               economic               or               financial               factors               off               of               the               statement.

In               fact,               it               may               be               that               some               of               the               social,               economic,               or               financial               factors               that               are               truly               what               are               affecting               the               company.

The               second               thing               is               that               the               profits               that               get               revealed               on               the               profit               and               loss               statement               really               doesn't               click               in               a               sense               with               the               balance               sheet.

(Independent,               LLC.,               2011).
               There               is               limitation               as               well               because               there               is               a               personal               judgement               issue               on               the               behalf               of               the               financial               analyst.

These               things               that               are               of               issue               are               things               such               as:               bad               debt               provisions,               stock               valuation,               or               a               provision               of               depreciation.

As               I               said,               all               of               these               things               are               basically               left               on               his               shoulders               to               make               the               necessary               call.

Another               thing               that               is               a               limiting               factor               is               that               on               the               income               statement,               it               may               not               disclose               the               true               income               of               the               business               because               of               the               fact               that               some               probable               losses               were               considered               while               the               probably               incomes               were               ignored.

Then               there               is               the               fact               that               fixed               assets               get               shown               at               cost               less               depreciation               on               the               basis               of               just               what               the               financial               analyst               thought               was               the               right               thing               to               do.

(Independent,               LLC.,               2011).

With               that               being               said,               we               all               understand               that               we               are               human               and               are               very               prone               to               making               mistakes               at               any               given               time.
               How               can               the               management               team               ensure               that               they               obtain               a               complete               picture               of               the               enterprise?
               In               my               opinion,               I               think               that               a               company's               management               team               can               get               a               well               rounded               view               of               how               well               the               company               is               doing               first               by               making               sure               that               all               of               their               financial               statements               are               correct               and               accurate               so               that               there               are               no               discrepancies               or               conflicts               that               would               cause               them               to               lose               credibility               in               the               eyes               of               their               employees,               stockholders               and               the               like.

Then               another               thing               that               will               help               to               ensure               this               is               that               they               should               definitely               listen               to               the               concerns               of               the               people
               (i.e.

customers)               whether               they               are               internal               or               external.

Because               if               the               company               has               a               good               culture               and               the               employees,               shareholders,               and               owners               are               happy,               then               this               ensures               that               everything               is               fine               and               okay               within               the               company.
               References:
               Independent               Stock               Investing,               LLC.,               (2011).

What               are               the               Limitations               of               Financial               Statements.

Retrieved               on               August               19,               2011               from               http://www.independent-stock-investing.com/Limitations-Of-Financial-Statements.html
               Loth,               Richard,               (2011).

Things               that               You               Should               know               About               Financial               Statements.

Retrieved               on               August               19,               2011               from               http://www.investopedia.com/basics/financialreport
               Planview,               Inc.,               (2011).

Management.

Retrieved               on               August               20,               2011               from               http://www.planview.com/products/enterprise/ideation-management/
               SEC,               (2009).

Financial               Statements.

Retrieved               on               August               19,               2011               from               http://www.sec.gov/pubs






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    1. indianlawupdates.blogspot.com/   01/24/2008
      ... and the Assessee had not explained as to on what basis provision for bad and doubtful debt was created. The provision for bad and doubtful debt could not be...
    2. stroppyauthor.blogspot.com/   01/25/2011
      ...the money that's actually come in. You need to enter the bad debt under 'bad debt provision' and exclude it from your figure for the year. If you sent out the invoice in the previous tax year...
    3. scotslawthoughts.wordpress.com/   10/03/2012
      ...billion to £27.7 billion in 2008-9 . HMRC has already increased the provision for bad debt to £11.2 billion as of March 31st 2009 – 40% of the total owed...
    4. pbeps.wordpress.com/   08/15/2011
      ...local authorities is not known, nor is the collective provision for bad debt write offs in 2010 (or indeed in previous years). A conservative estimate ...
    5. legaldevelopments.blogspot.com/   01/25/2010
      ...Explanation was added in 2001, however. This was to clarify that a provision for bad debts is not included within the scope of the Section. In yet another...
    6. gulabsingh.wordpress.com/   11/07/2010
      ...bad debt. Section 36(1)(viia) provides for a deduction in respect of any provision for bad and doubtful debt made by a Scheduled Bank or Non- Scheduled Bank in relation...
    7. indiacorplaw.blogspot.com/   12/20/2009
      ...bad debt or otherwise? The provision governing this question... deduction of “any bad debt, or part thereof, which ...the account of the assessee for the previous year”. Thus, the...
    8. blegrange.wordpress.com/   04/23/2009
      ...the same outcome measure – bad debt provisions or bad debt write-offs. In fact, a lack of affordability...large rise in interest rates for example. Internal and external ...
    9. www.ritholtz.com/blog/   05/11/2012
      ...they want higher loan loss provisioning against bad debt from the country’s banks...down about 5%. Bankia is down for a 6th straight day by another...
    10. saltmarshcpa.blogspot.com/   07/06/2012
      ...adjustment to the contract amount (revenue to be recognized); while provisions for bad debts are presented as an operating expense...



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    2013년 11월 23일 토요일

    About 'provision for bad debts'|Bad Debts, Commercial Judgment and Taxation







    About 'provision for bad debts'|Bad Debts, Commercial Judgment and Taxation








    Do               you               place               more               trust               in               people               or               God?

    This               is               the               question               that               has               been               asked.

    This               would               or               should               be               an               easy               yes               or               no               answer.

    As               a               Christian,               I               know               the               answer               to               this               question               is               "yes",               or               should               in               theory               be               yes.

    Sometimes               though               it               is               very               difficult               to               really               in               your               heart               of               heart               believe               and               trust               God.

    Especially               when               God               has               allowed               things               into               your               life               that               are               very               difficult               or               just               plain               hard.
                   It               is               only               later               on               down               the               road               that               you               can               really               know               what               or               who               you               were               trusting               in               to               get               you               through               that               difficult               time.

    You               may               have               called               on               people,               you               may               have               prayed,               and               read               your               Bible.

    All               of               these               may               have               brought               some               measure               of               comfort.
                   But               when               all               the               circumstances               in               your               life               have               turned               sour               and               the               words               you're               reading               from               your               Bible               become               blurred               due               to               the               pain               in               your               life.

    And               all               your               friends               are               busy,               or               going               through               trials               of               your               own.

    It               is               then               that               you               will               find               you               have               to               know               in               the               deepest               part               of               your               inner               being               whether               you               believe               what               you               have               said               to               others.
                   Especially               if               you               have               casually               stated               that               you               put               your               faith               and               trust               in               God               alone.

    Sometimes               we               can               say               things               before               we               really               think               what               it               is               we               are               saying.

    We               may               on               the               surface               actually               believe               what               we               are               saying,               but               our               actions               may               say               something               completely               and               totally               different.
                   When               we               say               we               trust               God               alone,               and               then               turn               to               people               when               our               circumstances               are               overwhelming               in               whatever               way.

    We               are               showing               by               our               actions               that               we               truly               trusting               more               in               what               we               can               see,               like               flesh               and               blood               people.

    We               may               really               want               to               put               into               practice               what               we               say,               but               if               there               are               people               in               our               lives               who               are               available               to               listen,               available               to               physically               help               us,               we               may               turn               to               those               we               can               see               (people),               when               we               should               have               instead               turned               to               God.

    And               fully               trusted               God               to               deliver               us               out               of               whatever               situation               we               were               in,               or               we               should               have               turned               to               God               in               prayer               to               give               us               the               strength               to               live               victoriously               in               the               situation               he               has               placed               us.
                   When               we               come               to               the               place               where               we               are               fully               trusting               in               God               alone,               we               will               not               go               to               people               with               our               problems;               we               won't               go               and               borrow               money               from               our               church               or               friends.

    Instead               we               will               believe               and               trust               God               to               help               us               find               a               way               to               pay               our               debts               without               going               into               more               debt.
                   When               we               turn               around               and               look               at               the               ever               increasing               obstacle's               and               circumstances               in               our               lives,               we               forget               that               God               is               able               to               more               than               supply               our               needs               if               we               ask               him               to               do               so.

    And               if               we               believe               that               he               will               do               so.

    Rushing               ahead               of               God,saying               we               trust               him,               we               forget               that               to               trust               him               also               means               to               obey               what               he               has               said               in               his               word.

    And               he               has               called               on               us               to               be               good               stewards               of               what               he               has               given               us,               when               we               must               borrow               in               order               to               meet               our               needs;               we               are               not               being               good               stewards.

    Instead               we               are               saying               that               God               is               not               able               to               supply               all               of               our               needs               and               we               are               trusting               in               people               to               meet               our               needs               instead               of               believing               and               trusting               God               to               meet               our               needs.
                   God               is               able               to               meet               our               needs,               to               bring               peace               and               contentment               to               our               lives,               but               we               have               to               be               able               to               fully               trust               him.

    Just               saying               we               trust               God,               does               not               make               it               so.

    Our               actions               will               tell               on               us.
                   If               we               make               mention               to               others               that               we               are               fully               trusting               in               God               alone,               and               then               we               prove               the               opposite               by               going               to               people               with               our               problems               and               needs               we               are               no               more               than               liars.

    or               hypocritical               at               the               very               least.
                   I               do               believe               and               trust               in               God,               but               my               actions               have               not               always               matched               what               I               have               said.

    Not               because               I               don't               believe               God,               but               because               sometimes               having               faith               is               not               easy,               especially               when               the               circumstances               of               life               are               vividly               painful,               or               not               easy.
                   It               can               be               easy               to               trust               God               for               the               little               things               in               life,               but               it               is               much               harder               to               believe               and               trust               God               when               God               allows               things               into               your               life               that               make               no               sense               whatsoever.

    It               is               when               God               allows               the               hard               things               into               your               life               that               you               have               to               remember               that               God               is               still               in               control.
                   There               are               reasons               that               God               allows               things               into               our               life,               whether               or               not               we               will               fully               comprehend               or               understand               the               why               of               everything               in               this               life               is               debatable.

    God               may               allow               us               to               understand               some               things,               but               he               may               not.
                   But               regardless               of               whether               we               fully               understand               why,               if               we               say               we               trust               God               more               than               people,               we               need               to               put               that               into               practice.

    When               we               don't               and               when               we               turn               to               people               when               we               should               have               turned               to               God,               it               makes               our               faith               look               weak.

    We               also               give               occasion               for               unbelievers               to               say               people               are               to               be               trusted               more               so               than               God,               which               isn't               true.

    Although               at               times               we               may               turn               to               people               out               of               anger               towards               God.
                   When               we               are               angry               towards               God               for               any               reason,               whether               we               feel               justified               or               not               we               make               poor               choices               and               we               cause               others               to               not               learn               to               trust               God,               when               God               allows               things               into               their               lives               that               are               hard.
                   Trusting               God               more               than               people,               do               I               personally               trust               God               more               than               people?

    I'd               say               yes,               but               my               actions               have               not               always               matched               what               I               know               in               my               heart               is               true.
                   I               believe               God               uses               other               people               to               help               us               sometimes               when               our               faith               is               weak,               but               I               also               believe               we               can               be               used               by               God               to               help               others               learn               to               better               trust               God.

    When               we               not               only               give               praise               to               God               for               his               blessings               and               provisions               but               also               when               we               do               not               tell               others               of               our               needs.
                   When               we               tell               people               of               our               needs               such               as               a               need               to               pay               a               bill               or               that               we               have               some               other               material               need,               we               are               telling               those               who               have               no               faith               or               trust               in               God,               that               the               God               we               serve               is               not               able               to               provide               for               or               meet               our               needs.

    It               is               a               bad               testimony.
                   We               should               however               turn               to               God               and               pray               for               what               we               need,               and               look               for               examples               of               others               who               have               turned               to               God               instead               of               people;               this               will               help               us               to               increase               our               faith,               and               may               help               others               to               see               that               God               can               be               trusted               when               circumstances               are               overwhelming               to               us               with               our               limitations.
                   Trusting               God               for               me               has               at               times               been               very               hard,               and               sometimes               I               still               have               a               problem               with               trusting               God.

    It               can               be               easier               to               try               to               trust               people               because               you               can               see               people,               you               cannot               see               God.

    You               have               to               believe               God               on               faith               alone.

    Trust               is               something               that               can               be               hard               to               learn,               whether               your               placing               your               trust               in               people               or               God.
                   It               is               better               to               trust               in               God,               and               you               can.

    If               your               trust               is               wavering               or               weak               instead               of               only               turning               to               those               you               can               see               around               you               look               in               the               Bible               for               those               who               believed               God,               and               placed               their               trust               in               God.

    And               God               delivered               them.

    Then               look               around               for               people               who               are               thanking               God               for               his               provision               and               blessings,               this               will               increase               your               faith               and               trust,               as               it               has               mine.
                   Looking               at               circumstances               is               a               good               way               to               place               your               trust               in               material               items               you               can               see               or               in               people               who               will               fail.

    God               never               fails,               he               doesn't               always               agree               that               what               we               want               or               desire               is               best,               and               it               is               when               God               says               no,               that               our               trust               is               strengthened               the               most,               if               we               choose               to               listen               to               God               instead               of               turning               to               a               person,               who               can               never               care               for               us               as               much               as               God               himself               can.

    Later               on               down               the               road               God               may               show               us               why               he               said               no,               but               even               if               he               doesn't               we               have               to               believe               that               the               one               who               loved               us               enough               to               die               for               us,               cares               enough               so               we               can               trust               him.
                   God               knows               when               our               faith               is               weak,               and               he               knows               when               we               need               encouragement,               and               that               is               why               he               has               given               us               many               examples               of               others               who               have               trusted               him,               even               when               it               was               not               easy               to               do               so.

    We               can               look               for               examples               in               the               Bible;               we               can               look               for               examples               in               history,               and               in               the               lives               of               mature               Christians               around               us.
                   Trusting               God               is               not               always               easy,               and               sometimes               I               fail               greatly               in               this               area.

    Trusting               people               is               not               easy,               and               not               wise.

    But               sometimes               I               have               trusted               more               in               people               than               in               God.
                   This               is               an               area               that               needs               much               work               in               my               life;               this               is               true               I               believe               of               the               majority               of               professing               Christians.

    Faith               such               as               George               Muller               had,               does               not               in               my               opinion               come               easily               of               overnight.

    It               takes               time,               but               God               is               faithful,               he               does               not               change               nor               does               he               waver,               even               though               we               may               waver               in               our               trust.
                   To               fully               and               completely               trust               God               means               that               you               learn               to               place               your               hand               and               life               in               the               hand               of               God,               then               when               the               storms               of               life               come,               you               hold               on               tight.
                   He'll               never               let               you               go,               and               he'll               not               let               you               fall.

    But               if               you               want               to               try               to               fight               the               obstacles               in               your               life               alone               or               in               your               own               wisdom               and               might               then               he'll               watch               you               as               you               try,               waiting               for               you               to               learn               that               the               battle               you're               trying               to               fight               is               not               yours.
                   When               you               turn               to               him,               he'll               carry               you               through               the               battle               you               thought               was               lost.

    He               has               already               paid               the               cost.

    We               just               have               to               remember               that               when               God               has               said               he               will               meet               all               our               needs               according               to               his               riches               in               heaven               he               will               do               so.

    Then               when               circumstances               and               life               are               out               of               our               control,               we               have               to               remember               who               it               is               we               can               fully               trust               to               carry               us               through               to               the               other               side               of               the               circumstance.
                   Saying               I               trust               God,               and               putting               that               trust               into               action               are               too               very               different               things,               as               I               am               sure               is               true               for               most               people               if               they               were               truthful               to               themselves.

    It               is               unwise               to               trust               in               people,               it               is               wise               to               trust               in               God.

    But               it               is               at               times               easy               to               "think"               we               can               trust               in               what               we               can               see               more               than               in               the               God               who               cared               enough               to               die.

    Trust               is               earned,               and               trust               is               learned,               and               God               has               through               his               payment               for               us               more               than               earned               our               trust,               if               we               can               only               learn               to               fully               accept.






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