What is the interest payable and what the interest expense

Assignment Help Accounting Basics
Reference no: EM131961614

Question - Greener Pastures Corporation borrowed $1,450,000 on November 1, 2015. The note carried a 9 percent interest rate with the principal and interest payable on June 1, 2016.

What is the Interest payable? What is the interest expense?

Reference no: EM131961614

Questions Cloud

Discuss effective treatment option for an individual client : Health psychologists and industrial/organizational (I/O) psychologists use differing techniques and practices than a clinical psychologist in the assessment.
What journal entry did mardan record on september : The spot rate for yen was $0.0079 on September 1 and the spot rate was $0.0077 on October 1. What journal entry did Mardan record on September 1, 2017
Explain jeremy benthams utilitarianism : Explain Jeremy Bentham's utilitarianism. What did he mean by greatest happiness for greatest number? What implications flowed from his utilitarian philosophy?
Why is rollover performed prior to expiration : Write a one page report that outlines the merits of volatility forecasting using implied volatility versus model based (time series) forecasts.
What is the interest payable and what the interest expense : Greener Pastures Corporation borrowed $1,450,000 on November 1, 2015. What is the Interest payable? What is the interest expense
Research and begin a root cause analysis : BA 301 - ow that you have written a Situation Analysis, you should have a good overall understanding ofyour chosen company.
How do culture and gender influence sexual norms : How do culture and gender influence sexual norms? Your response should be a minimum of 200 words.
Determine the amount of the west region costs : The East Region's costs were under budget by $47,500. Need help to determine the amount that the West Region's costs were over or under budget
Compute the expected frequencies under the null hypothesis : The observed frequencies of sales of different colors. Write the null and alternative hypothesis and compute the expected frequencies under the null hypothesis.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd