Answer:
The correct option is C,$500
Explanation:
The amount of interest accrual is the interest on the sum borrowed from October 1 2016 to 31 December 2016,that is 3 months of interest,which is computed below:
Accrued interest =principal*stated interest rate*number of accrued months/12
principal is $25,000
stated interest is 8%
number of accrued months is 3
accrued interest =$25,000*8%*3/12=$500
The accrued interest is to be debited interest expense because it is an increase in expense and credited to interest payable as a liability
Answer:
a. Counterclaim
Explanation:
Counterclaim is a claim by a defendant (the person be sued) against the plaintiff (the person who sues first).
Lyn is the plaintiff, who first sued Karl (the defendant). Karl's claim against the original plaintiff (Lyn) is an example of a counterclaim.
Another example is counterclaim by the city of Sandy Springs against Holder Construction Group, the company that built the city of Sandy Springs’ new City Springs complex.
Holder Construction Group earlier sued Sandy Springs city over disagreements on payments for the work.
The city filed a counterclaim to a superior Court, claiming that Holder Group should be denied payments until all work is done and for breach of contract, negligent construction and fraud.
Answer:
target fixed costs is $ 420000
Explanation:
Given data
sells 2,000
sales price of $470 per unit.
product cost at $720,000
variable costs are $300,000
to find out
target fixed costs
solution
we know here product cost and variable cost
so target fixed costs is product cost - variable costs
so we put all these value to find out target fixed cost
target fixed costs = product cost - variable costs
target fixed costs = 720000 - 300000
target fixed costs is $ 420000
