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2 years ago

Both interest bearing and noninterest bearing notes bear interest. A. True B. False

Business

1 answer:

Veronika [31]2 years ago

3 0

The statement "Both interest bearing and noninterest bearing notes bear interest." is true.

An interest-bearing note bears interest. The interest on a non-interest-bearing note is subtracted from the note's principal. So, the statement is true.

An interest-bearing note is a sum of money that a lender lends to a borrower, with interest accruing in line with the conditions of the contract.

A non-interest bearing note is a loan for which the borrower is not legally required "to pay the lender any interest" at all.

Both kinds of notes bear interest, hence the term "noninterest bearing" is misleading. Interest is deducted from a noninterest bearing note at the time the loan is made.

To learn more about noninterest bearing notes here

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Explain the difference between the proportional method and the incremental method of allocating the proceeds of lump-sum sales o

LenaWriter [7]

Answer:

When a company sells different securities together (this usually happens during mergers and acquisitions):

and the price of all the securities is not certain, the incremental method will first allocate proceeds to the sale of securities whose price is actually certain. The remaining proceeds will be allocated to the securities whose price is uncertain. E.g. total sales $10 million, stocks worth $5 million were sold and bonds worth ? million were sold. The company will allocate $5 million to stocks and $5 million to bonds.
and the price of all the securities is certain, the proportional method allocates the sales proceeds proportionally among the different securities sold. E.g. total sales $10 million, stocks worth $5 million were sold and bonds worth $3 million were sold. The company will allocate ($5/$8) x $10 million = $6.25 million to stocks and $3.75 to bonds.

6 0

3 years ago

Boilermaker House Painting Company

Oksi-84 [34.3K]

Answer:

Explanation:

The journal entries are shown below:

1. Account receivable A/c Dr $20,000

To Deferred revenue A/c $20,000

(Being the paint house on account is recorded)

2. Equipment A/c Dr $21,000

To Cash A/c $21,000

(Being the equipment is purchased for cash)

3. Supplies A/c Dr $3,500

To Accounts Payable A/c $3,500

(Being the office supplies are purchased on credit basis)

4. Salaries expense A/c Dr $4,200

To Cash A/c $4,200

(Being the employees salaries are paid for cash)

5. Advertising expense A/c Dr $1,000

To Cash A/c $1,000

(Being the advertising are purchase for cash)

6. Rent expense A/c $5,400

To Cash A/c $5,400

(Being the rent is paid for cash)

7. Cash A/c Dr $15,000

To Account receivable A/c $15,000

(Being the cash is received)

8. Cash A/c Dr $6,0000

To Deferred revenue $6,000

(Being the cash is received)

8 0

3 years ago

Two guys walk into a bar; the third one ducks. If these three men acted independently, and the probability is 0.7 that a person

allsm [11]

Answer:

$0.063$

Explanation:

Given

Probability of a person to not enter into a bar or ducking is $0.7$

Probability of a person to enter into a bar

$1 -$ (Probability of a person to not enter into a bar or ducking)

Substituting the given value, we get

Probability of a person to enter into a bar

$= 1 - 0.7 \\= 0.3$

Total three men attempts to enter into the bar and their course of action is independent of each others

Thus, probability of observing the first two walking into the bar and the third ducking will be equal to the product of individual probabilities

$= 0.7 * 0.3 * 0.3\\= 0.063$

7 0

3 years ago

If data aggregation is the goal of collecting the data, ______ are the best choice.

Jobisdone [24]

<span>The answer for the blank pace is:
"Classifications"
The full sentence will be read as follow:

If data aggregation is the goal of collecting the data, Classifications are the best choice.</span>

Data aggregation means a process where information is gathered and expressed in a summary form, and the purposes include many such as statistical analysis etc.

8 0

3 years ago

__________ is an example of a term that is unique to a regional culture in the United States. a. Nope b. Fix’n c. Cool d. Really

insens350 [35]

Answer:

B. Fix'n

Explanation:

I got a 100% on my quiz

8 0

3 years ago

Read 2 more answers