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What is the verb of the noun expense?
The word 'expense' is both a noun and a verb.The verb to 'expense' means to offset an item of expenditure against taxable income; to charge something to an expense account; a word for an action.
XYZ Corp sells its bonds at a premium and applies the effective interest method in amortizing the premium.Do you think the annual interest expense will increase or decrease over the life of the bonds?
It really depends on how much is the premium paid. Effectively if the premium paid is higher than the par value of the bonds issued, the annual interest expense would be relatively lower. Another perspective is that since that both the bonds and its premium uses effective interest method, considering all factors remain the same, the annual interest expense will remain unchanged. Premium of the bond should be captialized within the holders of the bonds and amortized over the years in which the manner best represents. Issuer of the bonds generally do not captialize the premium of the bond separately. You should also note that the bonds issued are not compound financial instruments or contain any embedded derivates.
Do quarterly tax payments for the self employed go the the state or federal gov't?
usually both
Difference between account receivable and notes receivable?
An account receivable and a note receivable both refer to money that is owed to you/your company by another person/company. Both can be current assets or long term assets. However, the difference in the two is:A Note Receivable has some form of contract signed, [i.e. promissory note etc.] while an account receivable does not. A note receivable is generally paid out at equal interval payments and generally carries interest, while an account receivable can carry interest it generally does not.
Are income tax payments deductible?
State income tax payments are deductible on your federal income tax return. (You may deduct state income tax or sales tax, but not both.) Federal income tax payments are deductible on your state tax return in a tiny number of states.
If a firm has both interest expense and lease payments would times interest earned be smaller than fixed charge coverage?
times interest earned be smaller than fixed charge coverage
What are leasing journal entries?
Leasing journal entries are the accounting entries made in the books of accounts to record the lease transactions. These entries typically include debiting the lease expense account and crediting either the lease liability account (for capital leases) or the lease payable account (for operating leases). Additional entries may be made to record any initial payments, interest expense, amortization of the leased asset, and the reduction of the lease liability over time.
What is capitalized lease obligations?
Capitalized lease obligations refer to lease agreements where the lessee records the leased asset as a capital lease on their financial statements. This means the lessee treats the leased asset as if it were purchased with a loan, and includes the lease payments as both an asset and a liability on their balance sheet.
Is interest on vested benefits calculated in pension expense?
No. Interest on projected benefit obligation is used and that encompasses both vested and non-vested amounts.
Equity Line of Credit Payments?
Equity Line of Credit Payments For a ten year draw period, this calculator helps determine both your interest-only payments and the impact of choosing to make additional principal payments.
Are cost of capital and marginal tax rate included on a cash flow statemnt?
Capital lease payments will affect cash flow from both operating activities and financing activities. A capital lease payment is treated as debt service. The portion of the payment applied to principal is a cash outflow from financing activities, and the portion applied to interest is a cash outflow from operating activities.
If a person needs a cosigner to lease a car will their credit improve if they make payments on time?
Yes, the owner as well as the co-signer will be affected when you lease a car, being it negative or positive it will have an impact on both credit reports.
Do late payments affect a credit score?
Yes, they will both reduce your credit score and impact future payments on that card (e.g. increased interest rate, late fee charges).
Joint lease agreement and you have vacated the apartment with the other renter still occupying the premises what are your responsibilities as far as rent goes?
First, you might already be breaking your lease. Some leases have a clause that both signees must occupy the property. Read your lease to find out. As far as your rent responsibility, as far as the landlord is concerned, you are just as responsible for paying today as the day you moved in. Your name is on the lease, making you a party to the payments. Should the person who is left in the apartment be late or default entirely, you will be held responsible not only for 1/2 but for all the payments. (if they can't get money from one, they get it from the other) You will also be responsible for any payments assessed because of damage done to the property at the end of the lease term. You may want to consider speaking to the landlord about having your name removed from the lease, though they do not have to comply. The lease is a contract. You can ask them to void the lease and have the person who remained in the property sign a new lease without you on it. Good Luck.
When an owner of a business in a shopping mall sells his business how is his interest transferred?
SInce the mall unit is a leasehold interest, an Assignment of Lease would be issued to transfer the rights under the lease. This would be recorded if the original lease was recorded as well. Any personal property and fixtures would be conveyed by a Bill of Sale, and there would also be a Purchase and Sale Agreement for the business. signed by both buyer and seller.
If you send two payments every month do you pay interest on both payments?
I doubt it. You would be paying down your balance and shortening the actual lenght of time you are making payments. The second payment is probably being applied to your principal and this benefits you by paying down what you owe.
Can your girlfriend take your name of the lease if both names where on the lease?
No one can take your name off of your lease but you
