Answer:
C. overturn the punitive damage award as grossly excessive
Explanation:
Answer:
Option D is the right answer.
Explanation:
The selling of debt or factoring of debt means selling of the claims to accounts receivables to a third party in return for instant cash. The factoring firm charges a certain factoring fee and only pay a certain percentage of cash to the selling company.
The amount of cash that will be received is,
Cash = 4400 * 0.96 = 4224
Factoring fee expense = 4400 * 0.04 = 176
Thus, the entry to record such a transaction for the firm which is selling its accounts receivable claims is,
Cash 4224 Dr
Factoring Fee expense 176 Dr
Accounts Receivable 4400 Cr
The answer is: activity-based management.
Answer: Between actual overhead and budgeted overhead based on standard hours allowed---- B
ExplanatioN: The controllable variance is defined as the difference between actual expenses or overhead incurred and the budget overhead allowance based on standard hours allowed for work done. The variance is unfavorable controllable variance If the actual overhead is greater than the budgeted overhead based on standard hours allowed for work done and is termed favorable controllable variance if the opposite occurs ie actual overhead being less than budgeted overhead based on standard hours allowed for work to be done.
