Answer:
A firm commitment arrangement with an investment banker occurs when an investment banker buys the securities for less than the offering price and accepts the risk of not being able to sell them.
The correct option is B.
Explanation:
A firm commitment arrangement happens when an investment banker buys the securities for less than the offering price and accepts the risk of not being able to sell them.
However, the issuer receives a little less money than the offering price but he gets a specific amount for all the security being issued. The risk rests completely on the investment banker.
Therefore, the correct option is B.
Answer:
The answer is D I would say.
Answer:
b. $23,350
Explanation:
The computation of final balance in fatal work-in-process inventory is presented with the help of spreadsheet as attached below:-
The formula is presented below:-
Amount of Over-allocated Overheads = Percentage of overhead applied × Over-allocated Overheads
Account Balance after = Account Balance before - Amount of Over-allocated Overheads
Therefore the correct answer is b. that is $23,350
Answer:
$4,001 unfavorable
Explanation:
The computation of the revenue variance is shown below:
Revenue variance = Revenue at Flexible budget - Actual revenue
where,
Revenue at flexible budget is
= 3,630 × $34.50
= $125,235
And, the actual revenue is $121,234
So, the revenue variance is
= $125,235 - $121,234
= $4,001 unfavorable
We simply deduct the actual revenue from the flexible budget revenue so that the revenue variance could come
