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Unused fees on credit line should be operating expenses or interest expense?
Wiki User
∙ 11y ago
Interest Expense
Wiki User
∙ 11y ago
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How do you Calculate Commitment fee on revolving loan?
Unused $amount x interest rate x #days in the period = commitment fee
What happens to unused loan loss reserves?
Unused loan loss reserves represent an overestimation of the bad loans on the books. Ultimately, the unused loan loss reserves would be taken into income
What happens to unused HSA funds?
It depends on the company, but most will take unused HSA and roll it over for you to use in the future or they will roll it into an IRA for you.
Do you owe taxes on unused flexible spending dollars?
no
What is the value of a 100 bill 1990 Series?
About $100 if it is bad condition. If it was crisp, unused, or close to that, then you can sell it for $105
Are commitment fees on unused revolving credit line classified as interest expense or other expense?
interest expense - see nutrisystem, kona grill, franklin covey 10K's as examples
What is the journal entry for unused travel expenses paid in advance?
you would label it as a prepaid expense. Debit -prepaid travel expense credit- cash
How do you remove an unused operating system in your computer?
smash the thing to pieces
Prepaid expence is?
A prepaid expense is simply an expense that is paid in advance of the service being used. Most cable companies, for example, charge you for the following moth's service, and if you terminate your service, they refund the unused portion of your payment.
What are names of Philippine typhoons in 2011?
Amang (02W)Bebeng (1101)Chedeng (1102)Dodong (1103)Egay (1104)Falcon (1105)Goring (active)Hanna (unused)Ineng (unused)Juaning (unused)Kabayan (unused)Lando (unused)Mina (unused)Nonoy (unused)Onyok (unused)Pedring (unused)Quiel (unused)Ramon (unused)Sendong (unused)Tisoy (unused)Ursula (unused)Viring (unused)Weng (unused)Yoyoy (unused)Zigzag (unused)Abe (unused)Berto (unused)Charo (unused)Dado (unused)Estoy (unused)Felion (unused)Gening (unused)Herman (unused)Irma (unused)Jaime (unused)
How do you Calculate Commitment fee on revolving loan?
Unused $amount x interest rate x #days in the period = commitment fee
What is the difference between cost and expense?
The difference between a cost and an expense lies on the matter of distinguishing and separately recognizing the used, utilized and expired portion of the cost, being that part is what we called an expense. An expense can also be described as a cost forgone since it is already been utilized and used. The expense is also recognized only in the income statement rather than in the balance sheet since utilization is recognized for a certain period of time. On the other hand, an unused or an unexpired cost is reported in the balance sheet as at a certain point of time. A costmight be an expense or it might be an asset. An expense is a cost that has expired or was necessary in order to earn revenues.
Is a utility that reorganizes the files and unused space on an computer's hard disk so that the operating system accesess data more quickly and programs run faster?
defragger
Is cost of good sold an asset?
Any "Cost of goods sold" ( i.e. anything purchased to produce a good such as base materials etc...) is usually placed on the "Income and Expense" statement as an expense against revenue they would not ( any costs associated with producing a product or service) be considered an asset which is a "Balance Sheet" item. The only time they would be seen as an asset is if anything purchased to produce a good remains unused in the fiscal period they were purchased as in an asset item under "unused inventory".
What is a club penguin membership that is unused?
A membership that is unused
What are the accounting journal entries to record a prepaid expense?
Dr. Prepaid expence (balance sheet) Cr. Expense (income statement) e.g. you have already paid $1200 insurance, but at year end still have six months to go until you have to renew your premium. You would have expensed the full $1200 - now you need to remove the unused (prepaid) portion. Dr. Prepaid expense $600 Cr. Insurance $600
What is the objective of a multiprogramming operating system?
minimise unused CPU time reduce incidence of peripheral-bound operations minimise total elapsed time prevent single programs from dominating the CPU
