Abardeen corporation borrowed $90,000 from the bank on october 1, 2016. the note had an 8 percent annual rate of interest and matured on march 31, 2017. interest and principal were paid in cash on the maturity date.
a. what amount of cash did abardeen pay for interest in 2016?
b. what amount of interest expense was recognized on the 2016 income statement?
c. what amount of total liabilities was reported on the december 31, 2016, balance sheet?
d. what total amount of cash was paid to the bank on march 31, 2017, for principal and interest?
e. what amount of interest expense was reported on the 2017 income statement?

The following data pertains to activity and costs for two months: june july activity level in 10,000 12,000 direct materials $16,000 $ ? fixed factory rent 12,000 ? manufacturing overhead 10,000 ? total cost $38,000 $42,900 assuming that these activity levels are within the relevant range, the manufacturing overhead for july was: a) $10,000 b) $11,700 c) $19,000 d) $9,300

Laurelton heating & cooling installs and services commercial heating and cooling systems. laurelton uses job costing to calculate the cost of its jobs. overhead is allocated to each job based on the number of direct labor hours spent on that job. at the beginning of the current year, laurelton estimated that its overhead for the coming year would be $ 61 comma 500. it also anticipated using 4 comma 100 direct labor hours for the year. in april comma laurelton started and completed the following two jobs: (click the icon to view the jobs.) laurelton paid a $ 20-per-hour wage rate to the employees who worked on these two jobs. read the requirements requirement 1. what is laurelton's predetermined overhead rate based on direct labor hours? determine the formula to calculate laurelton's predetermined overhead rate based on direct labor hours, then calculate the rate. / = predetermined overhead rate

Match the steps for conducting an informational interview with the tasks in each step.