All categories

3 years ago

The stated interest rate is the rate quoted in the bond contract used to calculate the cash payments for interest.

1 answer:

8 0

That statement is true

A stated interest rate is the return of investment that is not compounded by the interest accumulation throughout the years.
In general, a stated interest rate will give us a lower amount of return compared to effective annual interest rate that compound the accumulation throughout the years,

You might be interested in

For each of the following items before adjustment, indicate the type of adjusting entry (prepaid expense, unearned revenue, accr

igor_vitrenko [27]

Answer:

See explanation

Explanation:

(a) Assets are understated - If we do not adjust accrued revenue, the assets are understated. For example - if we do not add any outstanding rent revenue, the assets will become understated.

(b) Liabilities are overstated - If we do not adjust unearned revenue, the liabilities are overstated. For example - if we do not deduct any expired unearned revenue, the liabilities will become overstated.

(c) Liabilities are understated - If we do not adjust accrued expense, the liabilities are understated. For example - if we do not add any outstanding rent expense, the liabilities will become understated.

(d) Expenses are understated - If we do not adjust accrued expense and prepaid expense, the expenses are understated. For example - if we do not add any outstanding rent expense and expired prepaid expenses, the expenses will become understated.

(e) Assets are overstated - If we do not adjust prepaid expense, the assets are overstated. For example - if we do not deduct any expired prepaid insurance, the assets will become overstated.

(f) Revenue is understated - If we do not adjust accrued revenue and unearned revenue, the revenue is understated. For example - if we do not add any outstanding rent revenue and expired unearned revenue, the revenue will become understated.

3 0

3 years ago

Presented below are the ending balances of accounts for the Kansas Instruments Corporation at December 31, 2021.

dedylja [7]

Solution :

Current Assets

Cash $ 20,000

Accounts receivable $ 1,30,000

Less: Allowance for uncollectible accounts - $ 13,000

Note receivable $ 100,000

Interest receivable $ 3,000

Marketable securities $ 32,000

Raw materials $ 24,000

Work in process $ 42,000

Finished goods $ 89,000

Prepaid Rent(Half of $ 60,000) <u> $ 30,000 </u>

Total current assets $ 4,57,000

Current Liabilities

Deferred revenue ($36,000/2) $ 18,000

Accounts payable $ 1,80,000

Interest payable <u> $ 5000 </u>

Total current liabilities $ 2,03,000

Working capital (4,57,000 - 2,03,000) $ 2,54,000

8 0

3 years ago

The ________, published by the Department of Labor, lists more than 20,000 job titles and descriptions and serves as a useful to

matrenka [14]

Answer:

Dictionary of Occupational Titles

Explanation:

The answer is the Dictionary of Occupational Titles because this is a document created by the United States Department of Labor in which it establishes a big amount of different jobs in many areas and what they involve to help employers and the government to be able to define them in their organizations.

6 0

3 years ago

Music class is often seen as a fun extracurricular activity. Generally, individuals that study music achieve more exceptional sc

In-s [12.5K]

Answer: c. Individuals who study music tend to be more intelligent.

Explanation:

The underlying assumption of the argument above is that the individuals who study music tend to be more intelligent.

This can be infered in the statement that "Generally, individuals that study music achieve more exceptional scores in subjects such as math and language arts". In this case, a connection was emphasized between academics and music.

6 0

3 years ago

Determine what punctuation rule is illustrated by the following sentence. I have never met someone who does his job so well; he

damaskus [11]

Punctuation rule is illustrated by the sentence, Use a semicolon to join closely related independent clauses.

1. Parallelism Is Required for All Punctuation

This means that whenever a comma or a dash is used to break up a main clause, the same punctuation marks must be used both at the beginning and the end of the clause. It further implies that you cannot use a semicolon to distinguish between a single item in a list.

2. Every Clause Needs a Colon at the End

The main clause needs to end with a colon. A colon can be used to introduce a list, elaborate, or restate a sentence if it is already complete.

3. Semicolons Are Used to Emphasize Equally

In a compound sentence, a semicolon can be used in place of a coordinating conjunction to link two related independent clauses.

Learn more about Punctuation, here

brainly.com/question/12933782

#SPJ4

5 0

1 year ago