When reversing entries are used and a note payable that was signed in a previous fiscal period is paid,
(a) interest payable is credited for the amount of interest incurred in the current fiscal year.
(b) interest payable is credited for the total amount of interest incurred during the full term of the note.
(c) interest expense is debited for the amount of interest incurred in the current fiscal year.
(d) interest expense is debited for the total amount of interest incurred during the full term of the note.

Trey morgan is an employee who is paid monthly. for the month of january of the current year, he earned a total of $4,538. the fica tax for social security is 6.2% of the first $118,500 earned each calendar year, and the fica tax rate for medicare is 1.45% of all earnings for both the employee and the employer. the amount of federal income tax withheld from his earnings was $680.70. his net pay for the month is .

:; )write a paragraph of two to three sentences and describe what will happen to a society that does not have a productive workforce?

Abc factory produces 24,000 units. the cost sheet gives the following information: direct materials rs. 1,20,000direct labour rs. 84,000variable overheads rs. 48,000semi variable overheads rs. 28,000fixed overheads rs. 80,000total cost rs. 3,60,000presently the product is sold at rs. 20 per unit.the management proposes to increase the production by 3,000 units for sales in the foreign market . it is estimated that semi variable overheads will increase by rs. 1,000. but the product will be sold at rs. 14 per unit in the foreign market. however, no additional capital expenditure will be incurredq-1. what is present profit of the company ? q-2. what is proposed profit of the company in new market? q-3.what is suggestion for new makret proposal whether proposal accept or not