Usually management, owner or department manager do the inverviews
<span>The answer to the above question is discount rate. Discount rate is the rate used to discount the future cash flow of a bond. In addition to determining the discount of future cash flows of bonds it is also the interest rate the Federal Reserve uses on loans given to banks through the discount window loan process.</span>
Answer:
Del is expected to prepaid to pay $535.62 in prepaid interest at the closing.
Explanation:
The down payment of 15% is $250000*15%=$37500
The balance of mortgage net of down payment=$250000-$37500
=$212500
Interest yearly=$212500*5.75%=$12,218.75
A year interest divided by 365days give one day interest.
A day interest=$12218.75/365=$33.48
Total interest to pay at closing=16days*$33.48
=$535.62
The number of days was 16 because July has 31days and deal was closed on 15th,hence 31 minus 15 gives 16.
Answer:
(395) NA (395)NA 400 (395)(395) OA
Explanation:
Data provided in the question
Petty cash fund balance = $500
Remaining cash balance = $105
Vouchers for miscellaneous expenses = $400
Sp by considering the above information, the effect would be and the balance would be
= Petty cash fund balance - remaining cash balance
= $500 - $105
= $395
So the effect would be recorded as an operating activity for $395 plus it also records the miscellaneous expense for $400 and another financial statement is also affected
