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Is interest from fixed deposit an expense or income?
an income
Is interest income an expense asset or liability?
Interest income is part of revenue.
What is the formula for calculating interest coverage ratio?
operating income vefore interest and income taxes / annual interest expense
Is interest expense a selling or general and administrative expense?
Interest expense is neither selling or administrative, and it's too significant to be called a general expense. Interest expense is usually called a finance expense and is usually listed separately from SG&A, on the Income Statement
What is the journal entry for Interest due but not received?
debit interest receivablecredit interest income
Where does interest expense in the income statement?
Interest expense is shown at debit side of income statement because it is an expense for business.
Is interest from fixed deposit an expense or income?
an income
Is interest income an expense asset or liability?
Interest income is part of revenue.
Is interest on fixed deposit an expense or income?
To the depositor, it is an income but to the bank or institution providing the fixed deposit as a product, it is an expense.
The number of times interest charges are earned is computed as?
Type y income before income tax plus interest expense, divided by interest expense our answer here...
Is interest expense listed on the income statement as an operating expense?
yes
A company's fixed interest expense is 8000 its income before interest expense and income taxes is 32000 Its net income is 9600 The company's times interest earned ratio is?
Formula for times interest earned = earning before interest and tax / interest expense Times interest earned = 32000 / 8000 = 4 times
What is the formula for calculating interest coverage ratio?
operating income vefore interest and income taxes / annual interest expense
Consider that you have a small business. If you have a revenue income of Php50,000 and operating expenses of Php10,000, and interest income 0f Php5,000.00 and interest expense of Php2,000.00, how much is your net operating expense?
Consider that you have a small business. If you have a revenue income of Php50,000 and operating expenses of Php10,000, and interest income 0f Php5,000.00 and interest expense of Php2,000.00, how much is your net operating expense? What can you say about the financial position of your small business. Reason out.
Is interest expense a selling or general and administrative expense?
Interest expense is neither selling or administrative, and it's too significant to be called a general expense. Interest expense is usually called a finance expense and is usually listed separately from SG&A, on the Income Statement
What is the difference between net interest margin and net spread?
net interest margin=(Income interest-Expense interest)/average earning assets net spread=Income interest/average earning assets - Expense interest/average deposits and other funds
The following data come from the financial records of Linton Corporation for 2008 Sales 135000 Interest expense 3800 Income tax expense 22500 Net income 30700?
Sales 135000 less:cost of sales 78000 Gross Profit 57000 Interest Expense 3800 income tax expense 22500 Net Income 30700
