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3 years ago

Interest on a Note Payable is most appropriately accrued:_____________

1 answer:

8 0

Answer: Interest on a Note Payable is most appropriately accrued: "B. as of the end of each accounting period during which the note is a liability.".

Explanation: As long as the Note Payable remains a liability and has not yet reached its due date, according to the accrual principle, at the end of each accounting period the accrued interest must be recognized, and when the Note payable reaches its expiration it must remain with balance 0 the interest not accrued account.

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You need to borrow money and you are considering two loans. The terms of the two loans are equivalent with the exception of the

kolbaska11 [484]

Answer:

For Loan A = 3.170%

For Loan B = 3.174%

Loan B has a higher effective annual rate.

Explanation:

The computation of effective annual rates for the loans is shown below:-

For Loan A

We will assume effective annual rate is a

Stated rate(r) = 3.125% compounded monthly

= Number of periods in an year n = 12

So,

(1 + a) = (1 + r ÷ n) × n

= a = (1+0.03125 ÷ 12) × 12 - 1

= 0.03170

= 3.170%

For Loan B

We will assume the effective annual rate is b

Stated rate (r) = 3.15% compounded semi annually

= Number of periods in an year n = 2

(1 + a) = (1 + r ÷ n) × n

= a = (1 + 0.0315 ÷ 2) × 2 - 1

= 0.03174

= 3.174%

From the above calculation we can see that Loan B, is greater than Loan A and has a higher effective annual rate.

7 0

3 years ago

________ are designed to stimulate thought about entrepreneurs' understanding and feelings as they progress through the entrepre

Fed [463]

Answer:

Reflection activities/tasks

Explanation:

Reflection activities are tasks that makes entrepreneurs look back over what or how they have learned as they progress through the entrepreneurial process. Reflection tasks often assess metacognitive skills, it helps entrepreneurs to arouse their thinking towards taking conscious actions that will improve their decisions.

4 0

3 years ago

True or false fdr was eager to use deficit spending to end the economic crisis.

Ket [755]

The answer would have to be true

7 0

3 years ago

What is the maximum number of levels in an expanded outline form? (excel)

geniusboy [140]

i think the answer is c

5 0

3 years ago

. In a sole proprietorship, the owner a. has full liability for all business debts and obligations. b. has limited liability, on

bazaltina [42]

Answer:

Explanation:

A sole proprietorship is a type of business that is owned by one person

Characteristics

1. it is owned by one person

2. the business has unlimited liability

3. the business has limited access to capital

4. the business usually lacks continuity. this type of business usually ceases to exist when the owner dies

5. the business is usually not separated from the owner

Advantages of sole proprietorship 

They are easy to establish
The owner has complete control over ownership

Disadvantages of sole proprietorship

It has a limited life span. The business usually ends when the owner dies
the owner has an unlimited liability

3 0

3 years ago