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nata0808 [166]
2 years ago
11

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

brainly.com/question/14617157

#SPJ4

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What is the future value i I plan to invest $200,000 for 5 years and the interest rate is 5%?
denis23 [38]

Answer:

Initial capital $200,000

Period           5 years

interest rate 5%

Interest year 1  $10,000.00

Interest year 2 $10,500.00

Interest year 3 $11,025.00

Interest year 4 $11,576.25

Interest year 5 $12,155.06

Future Value= $255256.31

See the image attached

4 0
4 years ago
After AT&T was split up by government litigation into a number of different entities (i.e., local phone companies, a long-di
Shkiper50 [21]

Answer and Explanation:

After the split of AT&T by government into a number of different bodies, in order to prevent monopolistic control over the phone market, the industry experienced an increase in competitor.

This happened because after the split of AT&T, the number of firms in the phone industry increased and other firms who were planning for mergers also changed their decisions and continued working as small, individual firms.

As the number of small firms in the industry increased, so did competition, as no single seller had power over the market now.

5 0
3 years ago
Buffalo Corporation shipped $21,200 of merchandise on consignment to Gooch Company. Buffalo paid freight costs of $1,900. Gooch
sveta [45]

Answer:

1) Cash Dr.  $19,260 (21,400-2,140)

Commission Expense Dr.  $2,140 (10% of 21,400)

                           Sales Cr.  $21,400

2) COGS Dr. $12932 (61% of 21,200)

                Inventory Cr. $12932

Explanation:

Cash received to Buffalo Corp. shall be total sales i.e. $21,400 less the commission retained by Gooch Co. i.e. 10% of $21,400.

Buffalo Corp. shall expense out the commission and Sales shall be recorded by the gross amount.

the second entry shows Inventory being credited by the amount of Cost i.e 61% of goods shipped to Gooch (61% of $21,200).

5 0
3 years ago
Birkner Corporation's flexible budget performance report for last month shows that actual indirect materials cost, a variable co
Hitman42 [59]

Answer:

(d) $2.18

Cost formula per machine hour for indirect material cost = $2.18

Explanation:

Actual Indirect material cost = $30,444

Actual hours = 17,700

Standard hours = 18,200

Spending variance for indirect material = $8,142

That is favorable,

Formula of spending variance = (Standard Price - Actual Price) \times Actual Quantity

= Standard Price \times Actual Quantity - Actual Price \times  Actual Quantity = 1,842

Standard Price \times Actual Quantity = $8,142 + $30,444 = $38,586

Standard Price = $38,586/17,700 = $2.18

Final Answer

Cost formula per machine hour for indirect material cost = $2.18

5 0
3 years ago
Risk management is a systematic process, and the correct order of the steps is:
zvonat [6]

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6 0
3 years ago
Read 2 more answers
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