Answer:
$63,500
Explanation:
Interest expense paid in cash $55000
Less: Adjusted for accrued interest $13,000
payable
Add: prepaid interest adjusted <u>$21,500</u>
Interest expense in its current year <u>$63,500</u>
statement of income
Answer:
Fall or decrease
Explanation:
Other things being constant, if two goods are close substitutes, decrease in the price of one good will lead to fall in the demand of its substitute, The price of the good that has fallen is now available at cheaper price. So consumers will demand more of cheaper good, thereby increasing its demand and decreasing the demand of substitute good. As such, both equilibrium price and quantity of other good falls or decrease.
Answer:
Education and communication
Explanation:
Education and Communication is the method to be used. Communicating the reasons behind a change can reduce employee resistance on two levels.
First, it prevents misinformation and poor communication: If employees receive the full facts and clear up misunderstandings, resistance should subside.
Second, communication can help portray the need for change by packaging it properly.
Answer:
$2,400 U
Explanation:
Labor efficiency variance is a financial metric that assesses a company’s ability to efficiently use labor per the expectations. The variance is worked out as the difference between the actual labor hours utilized and the standard amount that ought to have been used, multiplied by the standard labor rate.
In Clark Manufacturing:
It is given that:
Number of hours required to produce one product = 2 hours
Standard Labor rate(SLR) per hour = $12
Actual Labor rate(ALR) per hour = $12.20
Units of products produced = 2000
Number of hours required(SLH) to produce 2000 units = 4,000 hours
Actual Labor Hours(ALH) used =4,200 hours
Labor Efficiency Variance =(ALH - SLH) *SLR
= (4200-4000) *12
200*12 = $2,400 U
U means unfavorable. This variance is unfavorable because the labor cost exceeded the standard or budgeted labor cost.
1.45% = 0.0145
0.0145 * 750 = 10.875
You will have $10.88 withheld from your paycheck this week for medicare tax.
