Calculate the semi-annual interest as shown below:
Semi-annual interest rate = Annual coupon rate / 2
8%
2
= 4% or 0.04
Amount of semi-annual interest = $100,000 × 0.04
= $4,000
Therefore, the interest expense that should be recorded on June 30 and December
31 is $4,000.
Your interests are the things which you revel in doing. inspire your toddler in her interests and hobbies. Synonyms: hobby, pastime, pursuit, leisure greater Synonyms of interest.
interest is defined as the amount of money paid for using someone else's cash. An example of interest is the $20 that turned into earned this yr for your savings account. An instance of interest is the $2000 you paid in interest this yr on your house loan.
Existence hobby refers back to the right of possession of actual or non-public property that lasts for the lifetime of the lifestyle's tenant. An existence interest is described as a right of ownership of either actual or private assets that last for the life of the holder of the existence hobby, known as the life tenant.
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Answer:
$800,000
Explanation:
The reason is that the investment in Norm plc is an investment in associate and must be accounted for as an associate inaccordance with equity method. And equity method says that the income from such investments are the percentage share of equity shareholdings. So the share of Income reported as income from investment would be:
Income from investment = Net Income * percentage share = $2m * 40% = $0.8million
The many types of long term<span> care </span>insurance<span> coverages are discussed. ... some of the different</span>insurance<span> vehicles that </span>offer long term<span> care </span>insurance<span> coverage. ... With some </span>insurance companies<span> abbreviated payment schedules are available ..</span>
With a(n) the add-on method is a widely used technique for computing interest on installment loan, interest charges are calculated using the original balance, and these charges are then added to the loan.
Add-on method:
1. A common approach for calculating interest on installment loans is the add-on method. When using the add-on technique, the indicated interest rate is applied to the loan's original balance to determine interest.
Reason:
When applying for a loan or mortgage, the calculation method called add-on interest is used. The interest due on the loan is determined using this method at the beginning of the loan. The principal is increased once the interest has been calculated. The principal and interest are both repaid along with the loan when the borrower repays it.
Financial institutions benefit from the add-on approach because even if the borrower pays off the loan early, the bank will still receive the full interest payment. As a result, interest is always computed on the principle, or the original loan amount, rather than the current balance.
2. Where F, is the finance charge for the loan, and the loan's length is measured in years.
Reason: An annual rate is always used to express interest rates. As a result, the loan's term will likewise be calculated annually.
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Given:
Cost = 24,000
life = 5 years
salvage value = 4,000
Double declining balance stops when the book value of the asset is equal to its salvage value.
Double declining balance formula: 2 * straight line dep. rate * book value beginning of the year.
straight line dep rate = (24,000 - 4,000) ÷ 5 yrs = 4,000
⇒ 4,000 / 20,000 = 0.2 or 20%
<span>
<span>
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year Net book value, beg DDB dep. ext net book value, end
</span><span>2011 24,000 9,600 14,400
</span><span>2012 14,400 5,760 8,640
</span><span>2013 8,640 3,456 5,184
The depreciation expense recognized in 20x3 is 3,456.
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