Imputed righteousness is a concept in Christian theology proposing that the “righteousness of Christ … is imputed to [believers] — that is, treated as if it were theirs through faith.” It is on the basis of Jesus’ righteousness that God accepts humans. This acceptance is also referred to as justification.
Imputed cost is the cost incurred during the period when an asset is employed for a particular use, rather than redirecting the asset to a different use. This amount is the incremental difference between the two options. For example, a teacher decides to go back to school to earn a master’s degree.
Subsequently, Is imputed sin biblical?
In Reformed theology, the imputation of sin is the crediting of Adam’s sin to the account of every individual human being. A person that has sin imputed to them becomes guilty of transgression before God for being in violation to his laws and is subject to his punishments in the life hereafter. …
Also, How do you use impute in a sentence?
Here again the desire makes itself felt to impute more to God’s nature. I can’t believe you dared to impute my work to yourself to cover up for your laziness! David attempted to impute the damage of the broken window onto his innocent brother.
Is original sin biblical?
The doctrine of original sin has little basis in the Bible. It began to emerge in the 3rd century but only became fully formed with the writings of Augustine of Hippo (354–430), who was the first author to use the phrase “original sin” (Latin: peccatum originale).
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Are all sins equal in Christianity?
All Sin is not the Same Scripture clearly indicates that God does view sin differently and that He proscribed a different punishment for sin depending upon its severity. … “But when Christ had offered for all time a single sacrifice for sins, he sat down at the right hand of God” (Hebrews 10:12 ESV).
What does the word imputed mean?
Impute is a somewhat formal word that is used to suggest that someone or something has done or is guilty of something. It is similar in meaning to such words as ascribe and attribute, though it is more likely to suggest an association with something that brings discredit.
What is meant by imputed cost?
An imputed cost is a cost that is incurred by virtue of using an asset instead of investing it or undertaking an alternative course of action. An imputed cost is an invisible cost that is not incurred directly, as opposed to an explicit cost, which is incurred directly.
How do you use imputation in a sentence?
Examples of imputation in a Sentence I resent the imputation that I’m nice to Grandmother because she has money. These example sentences are selected automatically from various online news sources to reflect current usage of the word ‘imputation.
Who came up with the idea of original sin?
St. Augustine of Hippo
What is an example of an implicit cost?
Examples of implicit costs include the loss of interest income on funds and the depreciation of machinery for a capital project. They may also be intangible costs that are not easily accounted for, including when an owner allocates time toward the maintenance of a company, rather than using those hours elsewhere.
What does it mean to impute something?
Impute is a somewhat formal word that is used to suggest that someone or something has done or is guilty of something. It is similar in meaning to such words as ascribe and attribute, though it is more likely to suggest an association with something that brings discredit.
What does it mean sin is not imputed when there is no law?
Sin is not imputed, or sin is not charged, where there is no law. … So Romans 5:13 does not mean that people did not sin. They did. But they did not break the Law of Moses, for it had not yet been given, nor did they break any written or spoken Law of God, for none had yet been given.
How do you use impute?
Put the Valuable Impute Into Your Vocabulary Impute is a somewhat formal word that is used to suggest that someone or something has done or is guilty of something. It is similar in meaning to such words as ascribe and attribute, though it is more likely to suggest an association with something that brings discredit.
Are utilities an implicit cost?
An implicit cost is essentially the opposite of an explicit cost, which is a tangible payment for something like utilities or employee wages that a company needs to make to cover its expenses. … That lost income is the implicit cost of using your assets internally.
What is original sin and actual sin?
Original sin is the sin which corrupts our nature and gives us the tendency to sin. Actual sins are the sins we commit every day before we are saved, such as lying, swearing, stealing.
When there is no law there is no sin?
Q: In Romans 5:12-14 the apostle Paul states, “Therefore, just as sin came into the world through one man, and death through sin, and so death spread to all men because all sinned— for sin indeed was in the world before the law was given, but sin is not counted where there is no law.
What is imputed depreciation?
However, what many taxpayers don’t realize is that even if the taxpayer does not take the deduction for the depreciation, when the time comes to sell the property, the depreciation that the taxpayer could have (or should have) otherwise taken will be imputed for purposes of determining gain on the sale of the property.
How do you find the implicit cost?
– First you have to calculate the costs. You can take what you know about explicit costs and total them:
– Subtracting the explicit costs from the revenue gives you the accounting profit.
– You need to subtract both the explicit and implicit costs to determine the true economic profit.
What are implicit costs an implicit cost is quizlet?
Implicit costs are the opportunity costs of production that do not require a monetary payment. You just studied 31 terms!
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