Bramble Corp. pays all salaried employees on a biweekly basis. Overtime pay, however, is paid in the next biweekly period. Bramble accrues salaries expense only at its December 31 year end. Data relating to salaries earned in December 2020 are as follows:

Last payroll was paid on 12/26/20, for the 2-week period ended 12/26/20.
Overtime pay earned in the 2-week period ended 12/26/20 was $24000.
Remaining work days in 2020 were December 29, 30, 31, on which days there was no overtime.
The recurring biweekly salaries total $462000.

Assuming a five-day workweek, Bramble should record a liability at December 31, 2020 for accrued salaries of .

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan