 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Is there a common method to allocate interest in a group trust
Skilled Nursing Facilities must keep resident funds in an interest bearing trust fund. The issue is that when the interest allocated is distributed across the residents there are often pennies left from rounding. Is there a standard practice for how the rounded amounts are then distributed?
|
||||
Check out some similar questions!
Silcon Company issued $800,000 of 6%, 10-year bonds on one of its semi-annual interest dates for $690,960 to yield an effective annual rate of 8%. The effective interest method of amortization is to be used. What amount of discount (to the nearest dollar) should be amortized for the first 6...
On January 1, 2007, Vex Corporation issued $300,000 of 10%, 10-year bonds for $257,616, yielding a market rate of 12%. Interest is paid on July 1 and December 31. Vex uses the interest method to amortize the discount. 1.Using an issue price of $265,590.24, prepare an amortization schedule for...
I have the option of contributing to an interest earning account under my company sponsored Group Universal Life policy. The customer service rep indicated the interest earned is tax free to the extent the interest is less than the premiums I have paid for the year. Can anyone confirm this? ...
Okai I'm 15 years old and I've been dating this girl who I love a lot but we just broke up today and we've only been dating a week :confused: :( we broke up over a really dumb thing because I didn't want to spend time with her and I've been at her house every day almost only 2 days I've missed ...
View more questions Search
| Question Tools | Search this Question |
Add your answer here.
|
