In your own words, how should the results of installment sales be reported on the income statement?

Q: How Interest, Principal, and Loan Balance Illustrated?

A: Answer: Interest is measured as a percentage of a loan balance, annually paid to the lender for the…

Q: How can we use special financial functions to determine the total interest?

A: Financial functions have made financial calculations easy using excel, they make you calculate the…

Q: What is accrual accounting and how does it work?

A: Accrual accounting is a system of accounting wherein: Revenues are recognized as and when they are…

Q: Why do we use an after-tax figure for the cost of debt but not for the cost of equity? Explain your…

A: Capital of a company is made from two main sources – debt and equity.Debt consists of liabilities…

Q: Describe the Repayment Plans Offered by the Lender?

A: Answer: A repayment plan is a method of repaying a debt over an extended period of time, usually by…

Q: What is rent receivables listed as

A: rent is made by the tenant to the owner. different is paid generally on the monthly basis but there…

Q: The following are the balances of NBO for the year ended 31/12/20 Particulars OMR Particulars OMR…

A: SOLUTION- WORKING NOTE- 1-NET INTEREST INCOME MEANS DIFFERENCE BETWEEN INTEREST RECEIVED ON INTEREST…

Q: A finance charge includes which elements?

A: Finance charge is a very common occurrence associated with the use of credit. For example users of…

Q: What's the difference between accounts payable and receivable?

A: Accounts Payable is the current liability for the business and Accounts Receivable is a current…

Q: r to pay un

A: Horizontal analysis :  Financial analysts use horizontal analysis, also known as trend analysis or…

Q: What is accrual accounting?

A: Accrual basis of accounting is an accounting method based on which accrual transaction are recorded…

Q: Which of the following best describes revenue?

A: In simple accounting term revenue is the amount which company earn by selling goods or providing…

Q: How can we determine a Loan's Balance, Principal, and Interest?

A: Loan balance can be determined with the help of formulae: PV is present value r is rate N is number…

Q: How to determine the timing and measurement of revenue.

A: Revenue recognition principle is the principle that determines when and how much amount should be…

Q: Which financial statement user reviews financial information to ensure solvency for future debt?

A: Organisations generate three main types of financial statements to convey their financial…

Q: Why What kind of stream of income does a debt security pay for the duration of the security? A fixed…

A: The Answer

Q: how do you do paycheck calculations

A: Paycheck means the payment of the salary or wage to employee. A paycheck is a traditional document…

Q: What would the adjusted income statement be?

A: Adjusted income statement is the income statement which is prepared after the adjusted trial balance…

Q: please give a step by step calculations of before-tax cost of debt?

A: The debt is divided into 2: a. Loan of $2,000,000The loan's before tax cost of debt is 6% and there…

Q: n computing for the comprehensive income, the revaluation surplus will be deducted from the net inco

A: Solution Concept Revaluation surplus The term revaluation surplus means when the fair value of the…

Q: How do you accrue and calculate interest

A: interest calculation = principle amount * rate of interest    accrued interest is interest…

Q: How should the financial statement user explain the reference to revenue growth?

A: When explaining revenue growth in a financial statement, the user should consider the following…

Q: Under what circumstances should sellers consider the time value of money when recognizing revenue?

A:

Q: Define Accrued income taxes.

A: Income Tax Expenses: The expenses which are related to the taxable income of the individuals and…

Q: What is the impact of annuity dues in consideration to business matter?

A: An annuity due is one whose payment is due right away at the start of each period and the difference…

Q: Define each of the following terms:k. Accruals; trade credit

A: There are two types of systems in accounting, one is a cash system of accounting and the other is…

Q: Where does the accrual accounting focuses?

A: Accrual basis of accounting: Accrual basis of accounting refers to recognizing the financial…

Q: Explain the accounting for long-term notes payable.

A: Notes payable: Notes payable is a written promise to make payment for specific sum at a certain…

Q: Explains the effect of debt on profit margin and return on assets (ROA).

A: Profit margin is net income as a percentage of sales and Return on assets is Net income as a…

Q: how do you calulate interest income and interest expense

A: Interest Income : It is the total amount earned by an individual or an entity during a specific time…

Q: lending

A: The term net lending is defined as an economic measure which measures as to whether the government…

Q: What is referred by unearned income? How is it adjusted in the final accounts?

A: Unearned income:Unearned income is known as deferred income or deferred revenue. It is the money…

Q: Explain the components of balance of Payments Accounts and describe the  impact of deficit and…

A: The balance of payments (BOP), sometimes known as the balance of international payments (BIP), is a…