Answer:
C. The acts of its owners bind the corporation.
Explanation:
Corporation in management can described as a group of an organization, this could be a company that carry out some specific role and are legally formed. Corporation may be formed because they want to be making gains or otherwise however, they posses their shareholders. It should be noted that a corporation may buy, own, and sell property, It may sue and be sued.
Therefore, from the question all the given options are true about corporation expect ""The acts of its owners bind the corporation. d. It may enter into binding legal contracts in its own name"".
Answer:
The correct answer is letter "B": The "Special Statement for Uncovered Options Writers" must be provided before executing the transaction.
Explanation:
A naked call is a type of strategy options traders use when writing a call option without owning the underlying assets. For this to be possible, the trader must sign an options agreement and the Registered Options Principal (ROP) must approve the account so the trader can write naked options.
Before proceeding the "<em>Special Statement for Uncovered Options Writers</em>" must be provided.
Answer:
1. Economic investment refers to the creation and expansion of business enterprises.
Explanation:
Economic investments: increase of the capital of a company. This can range from human resources, equipment, facelities, raw materials and others. in general it refers to tangible assets used into the business operations,
While Financial investments refer to allocation of cash to achieve a certain yield over a period. In financial investment we can find bonds, stock, rela state ventures, derivates among others. If it is traded with the expectation of a financial gain (cash inflow in the future are greater than cash outflow at purchase) could be considered this type of investment.
Have utility
This is the only logical answer. The rest are just material things like money, and style always is changing so you can’t put value on style.
Answer:
total budgeted costs = $189,400
budgeted production = 1,000 units
standard rate = $189,400 / 1,000 = $189.40 per unit
total actual costs = $197,200
actual production = 1,120 units
actual rate = $197,200 / 1,120 = $176.07 per unit
- total fixed overhead variance = actual overhead costs - budgeted overhead costs = $197,200 - $189,400 = $7,800 unfavorable. The actual overhead expense was higher than the budgeted.
- controllable variance = (actual rate - standard rate) x actual units = ($176.07 - $189.40) x 1,120 units = -$14,929.60 favorable. The actual overhead rate was lower than the standard rate, that is why the variance is positive.
- volume variance = (standard activity - actual activity) x standard rate = (1,000 - 1,120) x $189.40 = -1,120 x $189.40 = -$212,128 favorable. More units where produced than budgeted, that is why the variance is positive.
