MB
Manoo Bhatt
Answers (6)
MB
Answered
Flagler Company allocates overhead based on machine hours. It estimated overhead costs for the year to be $420,000. Estimated machine hours were 50,000. Actual hours and costs for the year were 46,000 machine hours and $380,000 of overhead.
a. Compute the overhead rate for the year.
b. What is the amount of applied overhead for the year?
c. What is the amount of under- or overapplied overhead for the year?
a. Compute the overhead rate for the year.
b. What is the amount of applied overhead for the year?
c. What is the amount of under- or overapplied overhead for the year?
On Jul 06, 2024
a. $420,000 ÷ 50,000 = $8.40 overhead rate
b. $8.40 × 46,000 machine hours = $386,400
c. $380,000 - $386,400 = $6,400 overapplied
b. $8.40 × 46,000 machine hours = $386,400
c. $380,000 - $386,400 = $6,400 overapplied
MB
Answered
Over the last eight months, consulting firm G&B has been in talks with Wattersons, Inc. over a potential merger. During this time, G&B employees were kept abreast of their company's plans and all their concerns regarding the merger were thoroughly addressed. As the company had assured them that their jobs would be safe, the employees were generally supportive of the move. Once the decision was finalized, G&B's top management issued a statement to the employees confirming the merger. Which of the following is the general purpose of the message issued by G&B's top management?
A) To persuade
B) To inform
C) To initiate a conversation
D) To negotiate
A) To persuade
B) To inform
C) To initiate a conversation
D) To negotiate
On Jul 05, 2024
B
MB
Answered
Explain liquidity, default risk, and interest rate risk premiums.
On Jun 06, 2024
Liquidity problems exist in thinly traded bonds, default risk is the likelihood the corporation will default on its bond obligations, and the interest rate risk premium reflects the fact that bonds with differing coupon rates and maturities are subject to differing levels of risk associated with changes in interest rates. If any of these exist, investors will demand to be compensated for the risk by demanding a yield premium to own the bonds.
MB
Answered
The transfer of a nonnegotiable promise or order operates as an assignment.
On Jun 05, 2024
True
MB
Answered
A company currently sells 10,000 units at $9/unit and makes $20,000 accounting profit.Variable costs currently stand at $6 per unit.What are the company's fixed costs?
A) $5,000
B) $10,000
C) $15,000
D) The company has no fixed costs
A) $5,000
B) $10,000
C) $15,000
D) The company has no fixed costs
On May 07, 2024
B
MB
Answered
The business ethics of your partner in North America, your supplier in India, or your customer in Europe, may vary because they have their root in the culture of their home society. What are some of the key ethical issues facing companies doing business in a global context? What is your view of how well businesses have done in facing and addressing those ethical issues?
On May 06, 2024
Although more small businesses are venturing into the global marketplace, large multinational corporations still represent much of international business, and the ethical expectations of them are often greater because of their size and visibility. These corporations face complex business ethics environments that vary widely from country to country. In addition to the stakeholders normally considered in any ethical business decision, the number of stakeholders grows to include host governments, foreign suppliers, agents, and other organizations.
The idea of variation in business ethics formally known as "cultural relativism" states that the "right way to act"-what is "good behaviour"-is nothing more than behaviour that is socially approved by the majority within a culture. What some countries, cultures and governments perceive as good and ethical business practices meant to boost the competitive advantage of their home country corporations are often seen as just the opposite-bordering on the unethical and providing an unfair advantage over competitors.
Other potential ethical questions that could be mentioned include: global supply chain, product quality, labour rights and standards, corruption, bribery, extortion, safety standards, concerns about environmental degradation, crime, lack of legal enforcement or clear property rights, women's rights, children's rights. Students will have different views on how businesses have managed in light of these issues.
Multinational companies are gaining experience in managing these complex ethical issues in a complex, but more globalized world. The expanding interest in business ethics and the development of international guidelines to guide business behaviour across cultural boundaries will help bring more consistency in ethical standards and contribute to making the international business experience a richer and more satisfying one for all concerned.
The idea of variation in business ethics formally known as "cultural relativism" states that the "right way to act"-what is "good behaviour"-is nothing more than behaviour that is socially approved by the majority within a culture. What some countries, cultures and governments perceive as good and ethical business practices meant to boost the competitive advantage of their home country corporations are often seen as just the opposite-bordering on the unethical and providing an unfair advantage over competitors.
Other potential ethical questions that could be mentioned include: global supply chain, product quality, labour rights and standards, corruption, bribery, extortion, safety standards, concerns about environmental degradation, crime, lack of legal enforcement or clear property rights, women's rights, children's rights. Students will have different views on how businesses have managed in light of these issues.
Multinational companies are gaining experience in managing these complex ethical issues in a complex, but more globalized world. The expanding interest in business ethics and the development of international guidelines to guide business behaviour across cultural boundaries will help bring more consistency in ethical standards and contribute to making the international business experience a richer and more satisfying one for all concerned.