What is a non interest bearing notes?

Q: What is the formula for calculating interest on a note receivable?

A: Introduction:- A note receivable is a written promissory note to receive a specified amount of cash…

Q: What is a bank discount? How does it differ to simple interest? State the bank discount formula

A: Bank DiscountIt is the Interest amount on the loan that is being subtracted from the principal value…

Q: What is a creditor

A: Given the following question: What is a creditor?

Q: f a problem is silent to the terms of a note payable, is it considered as a long-term or a…

A:

Q: What is a key difference between a short-term note payable and a current portion of a noncurrent…

A: Short term note payable is a debt which is required to be paid within a period of less than one…

Q: What are some forms of off-balance-sheet financing?

A: Balance Sheet: Balance Sheet summarizes the assets, the liabilities, and the Shareholder’s equity of…

Q: Explain why a non-interest bearing note is effectively an interest-bearing note?

A: solution concept non interest bearing note               A non interest bearing note is a note that…

Q: How the interest rate affects the release of credit card

A: Given,

Q: Define Short-Term Interest-Bearing Notes.

A: Short-term interest-bearing note:   The short-term interest-bearing note is a note on which interest…

Q: Distinguish between bank discount and simple interest.

A: Bank discount is defined as a interest which is deducted by the bank when a loan is made. It is…

Q: What amount should be reported as total noncurrent liabilities?

A: Answer: 1,620,00

Q: Is any special accounting treatment required for the assigning of accounts receivable in general as…

A: Accounts receivable: Accounts receivable refers to the amounts to be received within a short period…

Q: Distinguish between an interest-bearing note and a non-interest-bearing note. How are the proceeds…

A: A commercial paper that contains an express and absolute promise by the maker to…

Q: Notes receivable differ from accounts receivable in that notes receivable represent written debt…

A:

Q: how do deposit intistitutions differ from non-deposit institutions?

A: A financial institution is an intermediary business entity that helps to supply money from surplus…

Q: . How is the present value of a non-interest-bearing note computed?

A:

Q: explain the derecognition of debt;

A: Derecognition of debt As bonds are issued, then an entity may leave a bond that is outstanding till…

Q: Short-term non-interest-bearing notes receivable are usually recorded at their a. present value b.…

A: Short-term non-interest notes form part of the current assets of the corporation which is going to…

Q: Differentiate a “deposit" and a “deposit substitute"?

A: Deposit is the amount of customer money which is held by bank or other institution. Deposit…

Q: Does a Discounted Note Payable provide credit without interest?

A: Discounted Note Payable means that the purchase price(PV) is less than the maturity/face value(FV)…

Q: When should a debt security be classified as held-tomaturity?

A: Debt securities: Debt security is money borrowed at a specific rate of interest which must be repaid…

Q: Define the characteristics of Notes Payable?

A: A notes payable is described as the written promissory notes. By issuing notes payable, the debtor…

Q: What is the Relationship of Note to Mortgage?

A: Relationship of Note to mortgage Document of Mortgage acts as a promissory note. A promissory note…

Q: What types of short-term credit are classified as accrued liabilities?

A: An accrued liability means the expense of the business incurred during a specific period but has yet…

Q: What does it mean when a lender accelerates on a note? What is meant by forbearance?

A: Promissory note is written by the borrower and sent to the lender. In promissory note, borrower…

Q: what are treasury notes?

A: Treasury notes: Treasury notes are interest-bearing securities with a static maturity of not fewer…

Q: What are the requirements about forms of Bills or Notes under ULB?

A: "Since you have asked multiple question, we will solve the first question for you. If…

Q: What is a promissory note, and what terms are normally included in promissorynotes?

A: A document or agreement that promises the payment of a specific sum of money at a later date to the…

Q: What is the principal amount of a note receivable plus the interest due called? promissory value…

A: notes payable: It is a type of notes payable where the amount borrowed in repaid in equal periodic…

Q: How are refundable deposits and customer advances similar? How do they differ?

A: Refundable Deposits: Refundable deposits are that money in advance offered by the customer. It is a…

Q: What is meant by a promissory note?

A: The amount due to be paid for loan can be promissed by customer by issuing promissory note.

Q: Describe the concept of non interest bearing on loan.

A: A non-interest bearing loan is a debt for which there is no documented requirement for the borrower…

Q: What is meant by the term notes payable?

A: Notes payable is an account that details the specifics of a borrowed amount in note form. Its a…

Q: What is a promissory note? What are its benefits?

A: Promissory note:A promissory note is a legal financial instrument that has a written promise between…

Q: Explain compounding of interest in relation to interest bearing notes receivable

A: The interest-bearing notes receivable is a bond or note other than discounted bonds, on which the…

Q: What is the gain on extinguishment of the note payable?

A: option b is the answer.

Q: When a receivable is written off under the allowance method, how does it affect the net realizable…

A: Allowance method: It is a method for accounting bad debt expense, where uncollectible accounts…

Q: What is the relationship of the promissory note between the maker and the payee?

A: A note of hand can be a financial instrument that contains a written promise by one party (the…

Q: What does the disclosure note for debt includes?

A: Debt securities: The financial instruments which are bought by investors, or corporations, or mutual…

Q: What is the meaning of Loan assumably?

A: Introduction: Assumable loan is nothing but a mortgage which can be passed to another party by the…

Q: What are out of period debts? Explain?

A: Out of Period debts: It is also known as time barred debts.

Treasury Market

On-the-run securities are the most recently issued securities in the market depth and are therefore traded at some premium. The off-the-run securities are the ones issued just before the most recent ones. The on-the-run securities have a lower yield to the investor than the off-the-run securities.