When a dishonored note is collected, interest is collected for the time between date of maturity and
Question:
When a dishonored note is collected, interest is collected for the time between date of maturity and date of collection. True/False
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Cullumber Company specializes in leasing large storage units to other businesses. Cullumber entered a contract to lease a storage unit to Crane, Inc. for 4 years when that particular storage unit had...
-
Do you think governments should consider human rights when granting preferential trading rights to countries? What are the arguments for and against taking such a position? how much of the United...
-
Question 8 The December 2022 S&P 500 cash index is 3980 while the S&P 500 futures index is 4000 and the contract value of each index point on the futures is $100. You are convinced the cash...
-
Create a class called Car that includes three instance variablesa model (type String), a year (type String), and a price (double). Provide a constructor that initializes the three instance variables....
-
A genetic experiment is undertaken to study the competition between two types of female flies (Drosophihz melanogaster) in cages with one male genotype acting as a substrate. The independent variable...
-
You invest in a stock for four years. The returns for the four years are 20%, -10%, 15%, and -5%. Calculate the arithmetic average return and the geometric average return.
-
4. The following information pertains to revenue earned by Wig Companys operating segments for the year ended December 31, 2016: Segment Sales to Unaffiliated Customers Intersegment Sales Total...
-
Kim Rhode is a university graduate who was a pre-veterinarian major with a CIS minor. She is a six- time Olympian from 1996 through 2016 and has won three gold medals, one silver and two bronze...
-
A company issues $950,000 of 12% bonds that pay interest semiannually and mature in 10 years. What is the bonds issue price assuming that the bonds market interest rate is 10% per year?
-
Which account is debited for interest earned but not yet received? (a) Interest Revenue (c) Accrued Interest Payable (b) Accrued Interest Receivable (d) Interest Expense
-
When a note is dishonored, the interest is not credited to Interest Revenue because it is not earned. True/False
-
What are the tax benefits of deferring income recognition in advance of a decline in statutory tax rates? What, if any, are the nontax costs?
-
Use as many directional terms as possible to describe therelationshipbetween: a. the antecubital region and the poplitealregion b. the acromial region and the mentalregion c. the gluteal region and...
-
Average rate of return-cost savings Maui Fabricators Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $114,000 with a $10,000 residual value...
-
Alan was rated as excellent on his individual work performance evaluation, earning him $2,000, provided as a merit pay increase. His annual salary this year is $48,000. He works in a team of 3...
-
Josie spends $60 at the end of each month on cigarettes. If shestops smoking and invests the same amount in an investment planpaying 6% compounded monthly, how much will she have after fiveyears? 2...
-
Say we have a Boeing 747 whose longitudinal flight dynamics for a given flight condition may be approximated using the following state equation (uncontrolled motion; thus no need to consider the...
-
Define the term what-if analysis. How could you use a spreadsheet in capacity planning?
-
Complete problem P10-21 using ASPE. Data from P10-21 Original cost ................................................................. $7,000,000 Accumulated depreciation...
-
Relate PSA (Public Securities Association) speed to the average life of a MBS. Describe the PSA measure and discuss which MBS would have the greater average life, one with a PSA of 100 or one with a...
-
Which of the following statement about swaps is least accurate? A. In a plain vanilla interest rate swap, the notional principal is swapped. B. The default problem [i.e. default risk] is the most...
-
7. How much would be in your savings account in nine years after depositing $340 today if the bank pays 9 percent per year? (Do not round intermediate calculations. Round your answer to 2 decimal...
Study smarter with the SolutionInn App