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3 years ago

Interest begins accruing on a _____ the day of the transaction.

2 answers:

6 0

Interest begins accruing on a __ cash advance ___ the day of the transaction
.As interest is the
money that is paid regularly at a particular rate for the use of money lent
A __posting date___ is when a payment is credited to an account.
its the date at which money is being transected from bank
so correct option is B
hope it helps

EleoNora [17]3 years ago

5 0

1. Interest begins accruing on a _____ the day of the transaction.

a. cash advance

2. A _____ is when a payment is credited to an account.

b. posting date

3. Suppose that your goal is to build a credit history by establishing a FICO score. How should you approach payments on a long term loan such as a auto loan?

A. Pay minimum amount required on each bill

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On January 1 of the current reporting year, Coda Company's projected benefit obligation was $29.4 million. During the year, pens

Sav [38]

Answer:

The amount of the projected benefit obligation at December 31 was $ 38.34 million

Explanation:

According to the given data, we have the following:

Beginning PBO= $29.4 million

Service cost= $9.4 million

The actuary's discount rate was 10%, hence Interest cost (10% x $29.4 million)= $2.94 million

Also, there is a Loss (gain) on PBO=$0 , and pension benefits paid by the trustee were $3.4 million.

Therefore, to calculate the amount of the projected benefit obligation at December 31 we would have to use the following formula:

Ending PBO=Beginning PBO+Service cost+Interest cost-pension benefits

=$29.4 million+$9.4 million+$2.94-$3.4 million

=$38.34 million

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3 years ago

English - Hey, so I'm starting a little business. I'm going to be customizing shoes. If you want a pair of shoes please tell me.

Ipatiy [6.2K]

Answer:

I'm going to be customizing didlos

Explanation:

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2 years ago

You're prepared to make monthly payments of $390, beginning at the end of this month, into an account that pays 7 percent intere

faust18 [17]

Answer:

$ 11,111,000

Hope this helps

mark me as brainloest

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3 years ago

A(n) _____ is a carefully crafted document that reflects the performance specifications of the project deliverables.

patriot [66]

A(n) _____ is a carefully crafted document that reflects the performance specifications of the project deliverables .A project scope.

What is the project scope?

Project scope is the part of project planning that involves determining and documenting a list of specific project goals, deliverables, tasks, costs and deadlines. The documentation of a project's scope is called a scope statement or terms of reference.

Project scope importance:

Project scope is a part of the project planning process that documents specific goals, deliverables, features, and budgets. The scope document details the list of activities for the successful completion of the project. The scope is defined by understanding the project requirements and the client's expectations.

.What should a project scope include?

Project scope is a detailed outline of all aspects of a project, including all related activities, resources, timelines, and deliverables, as well as the project's boundaries.

Learn more about project scope:

brainly.com/question/14941259

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3 0

2 years ago

Some of the transactions of Torres Company during August are listed below. Torres uses the periodic inventory method.

Nadya [2.5K]

Answer:

Purchase 12000 debit

Accounts Payable 12000 credit

--to record purchase--

Accounts Payable 1200 debit

Returns&Allowance 1200 credit

--to record returned goods--

Purchase 16000 debit

Accounts Payable 16000 credit

--to record purchase--

Purchase 20000 debit

Accounts Payable 20000 credit

--to record purchase--

Account Payable 16,000 debit

Purchase Discount 160 credit

Cash 15,840 credit

-to record payment within--

SECOND METHOD:

Purchase 11,760 debit

Accounts Payable 11,760 credit

--to record purchase--

Accounts Payable 1,176 debit

Returns&Allowance 1,176 credit

--to record returned goods--

Purchase 15,840 debit

Accounts Payable 15,840 credit

--to record purchase--

Purchase 19,600 debit

Accounts Payable 19,600 credit

--to record purchase--

Account Payable 16,000 debit

Cash 15,840 credit

-to record payment within--

interst expense 216 debit

account payable 216 credit

--to record interest incurred--

Explanation:

As we use periodic system we calculate the inventory and COGS at the end of the period so we use purchase and returns accounts rather than adjusting inventories in every transactions.

In the second method we use itnerest expense when the discount is loss.

interest incurred for the period:

(12,000 - 1,200) x 2% = 216

The secodn purchase at the end of the monthcan be paid within discount period therefore, we do not recognize interest expense yet.

3 0

3 years ago