0
debt during the give This field indicates how much interest expense incurred from debt during the given period. This field contains only interest related costs paid for borrowed amount.period. This field contains only interest related costs paid for borrowed amount.y interest related costs paid for borrowed amount.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is the carrying value of a long term note payable?
Is computed as the future value of all remaining future payments, using the market rate of interest.
Why do you need applied overhead rate?
We need applied overhead rate to know about the overhead variance. Otherwise how will we know how much overhead expenses should have been incurred and how much is actually incurred? Predetermined rate multiplied by the actual unit level activity is applied overhead
What is the solution to P14-6 intermediate accounting 12th edition?
At January 1, 2011, Brant Cargo acquired equipment by issuing a five-year, $150,000 (payable at maturity), 4% note. The market rate of interest for notes of similar risk is 10%. Required: 1. Prepare the journal entry for Brant Cargo to record the purchase of the equipment. 2. Prepare the journal entry for Brant Cargo to record the interest at December 31, 2011. 3. Prepare the journal entry for Brant Cargo to record the interest at December 31, 2012.
What rate offers does Nationwide International have for high balance accounts?
Nationwide International offers a special interest rate for those with high balance accounts. You can choose between an annual or monthly interest rate. For accounts with a balance of more than 25,000 pounds, the annual interest rate is 1.6%, while the monthly interest rate is 1.5%.
The annual interest rate of Belinda's savings account is 8.6 and simple interest is calculated quarterly What is the periodic interest rate of Belinda's account?
2.15% Apex
The rate of interest that is actually incurred on a bond payable is called?
Effective rate.
Interest due on a note payable?
soes big lot have any notes payable if so when are they due and what interest rate are they paying back.
What happens when issuing bonds payable when the market interest rate is less than the stated interest rate?
premium
What is the carrying value of a long term note payable?
Is computed as the future value of all remaining future payments, using the market rate of interest.
What is Fixed interest or treasury notes?
Treasury Note is a debt interest and carry a fixed coupon rate of interest. It means the interest rate is fixed on the treasury note and it is given to the holder.
What is the interest rate being charged on an 85000 loan payable in 30 years at 8273.59?
9%
What are examples of people's job career interest in accounts payable?
An Interest bearing account is a bank account in which, the banks pays you an interest for keeping your money deposited in that account. Ex: Savings Bank Account - You usually get around 3.5% rate of...Accounts receivables are the money that is owed to a business, accounts payables are the invoices or bills that a company has incurred and must pay to their vendors or suppliers. A/R Accounts...the accounts payable account is on the general ledger and is generally comprised of many smaller vendor accounts which are listed and tracked separately in the "accounts payable subsidiary ledger
The basic formula for computing interest on an interest-bearing note is face value of note x annual interest rate x time in terms of one year equals Interest?
(Face Value of Note) x (Annual Interest Rate) x (Time in Terms of One Year) = Interest
What is the Interest Rate of Hard Money?
The rate varies from lender to lender. According to Bigger Pockets, The rate will range from 10% interest only to 18% interest only annual interest rate payable monthly in most cases. Some Lenders will defer interest payments to payoff, benefiting investors that do not want payments during rehab.
What is the interest on a 1000 note for 1 month at 8 annual interest rate?
$6.66
Can I Increasingly Draw Down Business Loan With Fixed Interest Rate?
A business loan with variable rate of interest would better suit this purpose. You cannot increase the principal balance of the Business Loan having a fixed interest rate throughout the fixed rate of interest period. If several drawing is needed as the rates are fixed for time, break costs might be incurred.
What is the maximum allowable interest rate on a promissory note between two private parties in the state of Georgia?
If the promissory note is for less than $3,000, the maximum allowable interest rate in Georgia is 16% per year. If the promissory note is for $3,000 or more, the maximum allowable interest rate in Georgia is 60% (yes - 60%) per year and may only be computed as simple interest.
