Answer:
The correct answer is C: $5.21
Explanation:
Giving the following information:
Pinnacle Corp. budgeted $264,760 of overhead cost for the current year. Pinnacle's plantwide allocation base, machine hours, was budgeted at 50,840 hours.
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base= 264760/50840= 5.21
Answer:
The statement that could be made to the company President is that:
b. This year our accounts receivable turnover was up and our average collection period was down compared to the 2 previous years.
Explanation:
Since the credit sales increased by 20% with overall revenue but the average balance in the accounts receivable remained exactly as the last two year's, it means that the accounts receivable turnover have improved together with the average collection period. Given the noticeable improvements that have been instituted recently, accounts receivable are being collected timely.
Answer:
Perpetuity.
Explanation:
This is explained to be a type of annuity which is seen to be in position of receiving infinite amount of payments periodically. It is also tagged to be a financial instrument that is seen to pay consistently but periodically. In our world today, it is put to be the present value of a stream of cash that goes on, into the future, forever. In as much as cash payments are infinite, it’s possible to calculate their present total value because the value of each payment incrementally decreases with each year to the point that it approximates zero. Research has shown that in a lot of cases, economic analysts are seen to use this calculation to determine the value of stocks that pay fixed dividends, real estate that earns rent and annuity insurance products.
A prospective buyer observed an elaborate flag pole that was affixed to the front porch of the house she wished to acquire. She wants to make sure the flag pole is part of the deal. In the purchase proposal, the agent must mention the pole.
After being hired by a company's owner to handle the sale of the business, investment bankers, mergers and acquisitions advisors, or business brokers construct a list of potential buyers known as a prospective buyer list.
Any prospective buyer that might be a match for the acquisition of a business that is being advertised in a sell-side transaction is generally referred to as a prospective buyer. In the area of mergers and acquisitions, a potential buyer is one of the purchasers who is added to a prospective buyer list.
For a given seller, there may be a large number of qualified potential purchasers. In order to secure the best price for the seller, the selling agent's role is to encourage healthy competition among those prospective buyers.
Learn more about prospective buyer here
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Answer:
Series of payments throughout the construction project to reimburse the developer for costs incurred since the previous payment
Explanation:
The common method for allocating the funds that are given by the construction loan is that the payment series via the constuction project in order to reimbursed it for the developer as the cost is spend because of the last payment made
Therefore as per the given situtation, the third option is correct
