Ask Experts Questions for FREE Help !
Ask
    TifyTafy's Avatar
    TifyTafy Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 10, 2008, 01:12 PM
    Interest revenue
    How do you calculate interest revenue?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #2

    Jun 10, 2008, 10:21 PM
    Depends on what you're doing. The basic calculation for interest is principal x rate x time. But I can think of situations where that doesn't really work.
    delite's Avatar
    delite Posts: 202, Reputation: 3
    Full Member
    		  
    #3

    Jun 12, 2008, 08:55 PM
    You may find exceptions to the previous described rule if you buy a security at a discount or a premium.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Accrued interest revenue [ 3 Answers ]

home work question comp holds a 90 day receivable of 10,000 from a customer. The note is dated oct 31 and has a 12% interest rate. Your comp year ends on dec 31. How much interest revenue do you accrue on dec 31? I said 10,000X.12= 1200*2/12=200 my answer is 200, am I correct

Interest revenue [ 1 Answers ]

What is interest revenue and where on the income statement is it reported?:rolleyes:

Interest Revenue [ 2 Answers ]

Globo company accepted a $8000. Interest-bearing note receivable from a client on July 1. The note requires payment of 12% annual interest, and both the principal amount of the note and the interest will be due six months later, on Dec.31. If financial statements are prepared at the end of July,...

View more questions Search