Answer: Selling large dollar-value items
Lending money to individuals or businesses
Extending payment periods
Explanation:
Answer: Parochial
Explanation: A style of management in which the manager having decision authority considers every situation only from his or her own perspective is called Parochial management style. The parochial mangers are the one with illiberal thinking they only considers the situation on the pros and cons related to themselves.
In the above case study, as per the description of the assistant, we can conclude that Steve is a parochial manager.
2484
(2300)
---------
184
184 / 8 = 23
23 / 2300 = .01 -->1%
Answer:
Graylon will receive $220,000 for the euros
Explanation:
The computation of the Graylon received amount is shown below:
= Payment received × 3-month forward rate
= €200,000 × $1.10
= $220,000
Since the Graylon received the payment in three months so the rate which applies will also of 3 months. That's why we use the 3-month forward rate.
Ignore all other rates which are given in the question
Answer:
b. understate the predetermined overhead rate
Explanation:
The rate is determinate by distributing the expected cost over the cost driver
In this case labor cost.
as this value is higher than it should
(labor + some indirect)
the result of the division will be lower thus, the overhead rate is lower than it should be without the mistake.
