Answer:
Interest paid in cash in 2018 = $0
Interest recognized on the Income statement = $1,800
Liabilities recognized = $90,000
Amount paid for Principal and interest = $93,600
Interest reported on 2019 Income statement = 1800
Explanation:
Interest paid in cash in 2018 is zero because interest and principal were paid in cash on the maturity date.
Interest recognized in 2018 = 90000*0.08*3/12 = $1800
liabilities are recognized at original amount because the interest is not capitalized and no payment made thus far.
Amount paid on maturity date is 93,600 ( 90000 principal, 3600 interest)
interest reported is for three months jan - march
the preferred debt to income ratio is usually B 36%
A and c because jack knows how to do his work
<span>Earned income typically includes salaries and bonuses, wages, commissions and tips. Union strike benefits are also considered earned income, as are long-term disability benefits received prior to minimum retirement age. So yes</span>
Answer:
Total indirect manufacturing cost= $75,450
Explanation:
Giving the following information:
12,000 units:
Variable manufacturing overhead $ 1.50
Fixed manufacturing overhead $ 5.00
<u>First, we need to calculate the total fixed manufacturing overhead:</u>
Total fixed overhead= 5*12,000= $60,000
<u>Now, for 10,300 units:</u>
Total indirect manufacturing cost= 60,000 + 10,300*1.5
Total indirect manufacturing cost= $75,450
