In its 20x3 financial statements, cris co. reported interest expense of $85,000 in its income statement and cash paid for interest of $68,000 in its cash flow statement. there was no prepaid interest or interest capitalization either at the beginning or end of 20x3. accrued interest at december 31, 20x2, was $15,000. what amount should cris report as accrued interest payable in its december 31, 20x3, balance sheet?
a) $2,000b) $15,000c) $17,000d) $32,000

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.

By 2020, automobile market analysts expect that the demand for electric autos will increase as buyers become more familiar with the technology. however, the costs of producing electric autos may increase because of higher costs for inputs (e.g., rare earth elements), or they may decrease as the manufacturers learn better assembly methods (i.e., learning by doing). what is the expected impact of these changes on the equilibrium price and quantity for electric autos?