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kogti [31]
1 year ago
7

Under firm-commitment underwriting, the _______ assumes the full risk that the shares cannot be sold to the public at the stipul

ated offering price.
Business
1 answer:
Gala2k [10]1 year ago
7 0

Under firm-commitment underwriting, the underwriter bears the entire risk that the shares will not be sold to the public at the specified offering price.

What is Underwriter?
Any person who assesses and takes on another party's risk in exchange for payment—which frequently comes in the form of a commission, premium, spread, or interest—is an underwriter. While underwriters work for insurance firms, agents and brokers represent both consumers and insurance companies. The mortgage, insurance, equity, and some prevalent forms of debt security trading are just a few of the financial industries where underwriters play a crucial part. Sometimes referred to as a book runner, a lead underwriter holds this position.

To learn more about Underwriter
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Explanation:

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The following data relate to direct labor costs for August: actual costs for 5,500 hours at $24.00 per hour and standard costs f
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Answer: c. $1,650 unfavorable

Explanation:

The direct labor rate variance shows the difference between the cost of direct labor that the company thought it would incur vs what it actually incurs for the period.

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Direct labor rate variance = Actual cost of direct labor - Standard cost of actual hours of direct labor

= Actual hours * (Actual cost - Standard cost)

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Unfavorable because the actual cost incurred was more than the cost anticipated.

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Steve Colburn's portable sawmill used 100% for business, was completely destroyed by fire. The sawmill had an adjusted basis of
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During the introduction stage of the product life cycle, promotional expenditures are made to stimulate consumer desire for an e
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<span>During the introduction stage of the product life cycle, promotional expenditures are made to stimulate consumer desire for an entire product class rather than for a specific brand. The consumer desire that is stimulated is referred to as primary demand.
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