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What is the difference between CD interest at maturity and monthly interest payments?
CD interest at maturity is the total interest earned on a certificate of deposit when it reaches its maturity date, while monthly interest payments are the interest earned and paid out on a monthly basis.
What is the total amount of monthly credit card payments?
The total amount of monthly credit card payments is the sum of all the payments made towards credit card bills in a month.
Why might it be important to get a Lowe interest rate on a mortgage?
The shortest and simplest answer is because it saves you money. For example: (These numbers are over-simplified, they only factor in price, rate, and term. Actual mortgage numbers are more complicated.) $150,000 house 30 year mortgage 3.5% rate $673.57 monthly payment Total Payments ---- $242,485.20 $150,000 house 30 year mortgage 5% rate $805.23 monthly payment Total Payments ---- $289,882.80 $150,000 house 30 year mortgage 7% rate $997.95 Total Payments ---- $359,262.00 As you can see, even small differences in interest rate make a huge impact. At the end of the loan, there's a $47,397.60 difference between a 3.5% and 5% rate, and a $69,379.20 difference between 5% and 7%. So yes, it's very important to get a low interest rate.
What is the difference between finance lease and installment paying?
When you enter into a retail installment sales contract for the purchase of a vehicle, your down payment and your monthly payments go toward the total purchase price of your vehicle. When you have paid off the financing, you own your car. When you lease a vehicle, you make payments to use the vehicle over the term of your lease. However, you don't own your car. At the end of your lease, you return it to the lessor.
What is the difference between the current balance and statement balance on a credit card?
The current balance on a credit card is the total amount you owe at any given time, including recent transactions. The statement balance is the amount due at the end of the billing cycle, which may not include recent purchases or payments.
The difference between total receipts and total payments is referred to as?
Cash Balance
What are the differences between bop and bot?
Balance of payments: A systematic record of a nation's total payments to foreign countries, including the price of imports and the outflow of capital and gold, along with the total receipts from abroad, including the price of exports and the inflow of capital and gold. Balance of trade The difference in value between the total exports and total imports of a nation during a specific period of time.
What is The difference between total payments and total charges to an account is called?
The difference between total payments and total charges to an account is called the account balance. If total payments exceed total charges, the balance will be a credit, indicating a surplus. Conversely, if total charges exceed total payments, the balance will be a debit, reflecting an outstanding amount owed. This balance is essential for understanding the financial status of the account.
What term best describes the difference between incomes and receipts?
The term that best describes the difference between incomes and receipts is "net income." Incomes refer to the total earnings a business or individual receives, while receipts typically denote the total cash inflow from sales or services rendered. The difference accounts for expenses, costs, and any deductions, resulting in the net amount that reflects profitability or financial gain.
How do you make entries in a cashbook?
To make entries in a cashbook, start by recording all cash transactions in chronological order. Each entry should include the date, a description of the transaction, and the amount received or paid. Separate columns are typically used for cash receipts and cash payments, allowing for easy tracking of cash flow. Regularly update the cashbook to reflect the current cash balance by calculating the difference between total receipts and payments.
Describe the salient features of India's Balance of payment?
Features of Balance of Payments Balance of Payments has the following features: (i) It is a systematic record of all economic transactions between one country and the rest of the world. (ii) It includes all transactions, visible as well as invisible. (iii) It relates to a period of time. Generally, it is an annual statement. (iv) It adopts a double-entry book-keeping system. It has two sides: credit side and debit side. Receipts are recorded on the credit side and payments on the debit side. (v) When receipts are equal to payments, the balance of payments is in equilibrium; when receipts are greater than payments, there is surplus in the balance of payments; when payments are greater than receipts, there is deficit in the balance of payments. (vi) In the accounting sense, total credits and debits in the balance of payments statement always balance each other.
What are the Steps involved in the preparation of receipts and payments accounts from income and expenditure accountgive examples?
Ignore the opening and closing cash and bank balances on the receipts and payments account. Eliminate all items of capital receipts and payments. Figure out the income of the year by deducting the total income received and adding the income accrued. Find the expenditure of the relevant period as well. When the account is balanced, it will show the surplus or deficit of the account.
What is a summary of the cash receipts and cash payments for a specific period of time?
A summary of cash receipts and cash payments for a specific period of time is typically referred to as a cash flow statement. It outlines the total cash inflows (receipts) from operations, investments, and financing activities, as well as the total cash outflows (payments) for the same categories. This summary provides insight into an entity's liquidity and financial health, showing how cash is generated and utilized over the period. Ultimately, it helps stakeholders assess the organization's ability to manage cash effectively.
Correct sequance of reporting cash flows cash receipts and cash payments?
The correct sequence for reporting cash flows involves first detailing cash receipts, which are the inflows of cash from various sources such as sales revenue, investments, and financing activities. Next, cash payments are reported, reflecting the outflows of cash for expenses, investments, and financing. This sequence provides a clear view of the company's cash position, highlighting net cash flow by subtracting total cash payments from total cash receipts. Ultimately, this method helps stakeholders assess the company's liquidity and financial health.
What is the difference between CD interest at maturity and monthly interest payments?
CD interest at maturity is the total interest earned on a certificate of deposit when it reaches its maturity date, while monthly interest payments are the interest earned and paid out on a monthly basis.
What is gross and net receipts?
Gross receipts are the total of all sales with out the deduction of any expenses. Net receipts are the gross receipts minus returns, allowances and discounts.?æ
What is the difference between total customer value and total customer cost?
The difference between total customer value and total customer cost is__________.
