Why is interest paid on amounts borrowed from banks and other lenders considered to be an operating
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (18 reviews)
Interest is included as an operati...View the full answer
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
Managerial Accounting
ISBN: 9780072834949
11th Edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Question Posted:
Students also viewed these Managerial Accounting questions
-
Banks and other lenders are required to disclose a rate called the APR. What is this rate? Why did Congress require that it be disclosed? Is it the same as the effective annual rate? If you were...
-
Why is interest paid on a loan used to purchase municipal bonds not deductible?
-
They is interest paid on amounts borrowed from banks and other lenders considered to be an operating activity while the amounts borrowed are financing activities?
-
Shown below is information from the financial reports of Knauss Supermarkets for the past few years. Instructions a. Calculate the following statistics for Knauss Supermarkets (round your answers to...
-
The following table lists the annual returns (in percent) over a 10-year period for ING Russia, a top-performing mutual fund. a. Specify the competing hypotheses to determine whether the median...
-
Differentiate between backward and forward extrusions.
-
6. What information systems can HP establish that will better enable it to compete with Dell? Visit www.hp.com for inspiration and ideas.
-
Smith purchased 5 percent of Barker's outstanding stock on October 1, 2011, for $7,475 and acquired an additional 10 percent of Barker for $14,900 on July 1,2012. Both of these purchases were...
-
1. What is the rationale, if any, for states to generally exclude services from their sales tax base? 2.What are some of the principal exemptions from the sales tax base typically found in most...
-
One of the products of the G.A. Tanner Company is a special kind of toy that provides an estimated unit profit of $3. Because of a large demand for this toy, management would like to increase its...
-
Woolrich Companys market research division has projected a substantial increase in demand over the next several years for one of the companys products. To meet this demand, the company will need to...
-
If an asset is sold at a gain, why is the gain deducted from net income when computing the net cash provided by operating activities under the indirect method?
-
Data for Communication Accessories is provided in P11-4C. In P11-4C, the income statement, balance sheets, and additional information for Communication Accessories are provided. Required: Prepare the...
-
The State of Confusion Legislature passes the following statute: "The State Health Commissioner, when in their opinion, there is sufficient covid - 1 9 vaccine that has been approved by the Federal...
-
Case 1 Baum Co. has two processing departments: Fabrication and Assembly. In the Fabrication Department, metal is cut and formed into various components, which are then transferred to Assembly. The...
-
Your earlier Personal Leadership Assessment, you looked at two areas of your leadership experience, those who led you and those you led. You will again address these two items in your Personal...
-
What is required in this situation: Content slides explaining the qualitative and quantitative steps necessary in conducting a sensitivity analysis. How can a project's risk be incorporated into a...
-
What is "marketing"? What is the difference between "marketing" and the "marketing process"?is it different in your home country vs. North america? Q2. What is the difference between "demand",...
-
Why should the production requirements set forth in the production budget be care- fully coordinated with the sales budget? LO3
-
A company produces earbuds. The revenue from the sale of x units of these earbuds is R = 8x. The cost to produce x units of earbuds is C = 3x + 1500. In what interval will the company at least break...
-
Estimate the pH that results when the following two solutions are mixed. (a) 50 mL of 0.4 M HBr and 50 mL 0.2 M NaOH (b)100 mL of 0.4 M HBr and 50 mL 0.2 M NaOH (c)150 mL of 0.4 M HBr and 100 mL 0.4...
-
Tom Emory and Jim Morris strolled back to their plant from the administrative offices of Ferguson & Son Manufacturing Company. Tom is manager of the machine shop in the companys factory; Jim is...
-
Tom Emory and Jim Morris strolled back to their plant from the administrative offices of Ferguson & Son Manufacturing Company. Tom is manager of the machine shop in the companys factory; Jim is...
-
Tom Emory and Jim Morris strolled back to their plant from the administrative offices of Ferguson & Son Manufacturing Company. Tom is manager of the machine shop in the companys factory; Jim is...
-
A zero-coupon bond bears a higher interest rate risk than a coupon-paying bond, given other bond characteristics are equal. True False
-
Company management decided to restructure its balance sheet. Current long term debt of 8 mio euros will be increased to 20 mio euros. Interest for the debt is 4%. Borrowed 12 mio euros will used to...
-
Susan loans 10000 to Jim. Jim repays the loan with yearly instalments at the end of each year. Interest is expected to be 5% the first five years, and 10% the last five years. Calculate the...
Study smarter with the SolutionInn App