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kvv77 [185]
3 years ago
7

Because it is normally unsecured, commercial paper is only offered by firms with no credit ratings. True False

Business
1 answer:
Valentin [98]3 years ago
6 0

Answer:

False

Explanation:

The above statement is false that , because it is normally unsecured , commercial paper is only offered by firms with no credit ratings.

Commercial paper is an unsecured promissory note issued by the good reputed companies .  It is for short term . The time period of commercial paper is 15 days to 12 months .

A company cannot issue commercial paper if the credit rating is no longer . The face value of commercial paper is of rupees five lakh . It is minimum face value. The rates of commercial paper is usually cheaper . The commercial paper is liquid because of its less risk quality.

The commercial paper also provide<em> exit option to the investors </em>. They also reduce the cost of capital for the company. They are <em>very effective</em> for those who need<em> money in urgent</em> as they are quick way for raising money.

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Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The
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Answer:

Unit Cost = $196

Explanation:

As per the data given in the question,

Total variable overhead estimated = 4×31,400 = $125,600

Total overhead estimated = $125,600+$219,800 = $345,400

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Hence, Total job cost = Direct material + Direct Labor + Total overhead

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3 years ago
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Answer:

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8 0
3 years ago
cgehhE10-12 The following are selected 2014 transactions of Pedigo Corporation. Jan. 1 Purchased a small company and recorded go
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Beck Corp. issued 200,000 shares of common stock when it began operations in year 1 and issued an additional 100,000 shares in y
Airida [17]

Answer:

225,000 shares

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A company's shares outstanding refers to the total number of shares investors currently own.

Beck Corp. issued 200,000 shares of common stock when it began operations in year 1 and issued an additional 100,000 shares in year 2.

In year 3, Beck purchased 75,000 shares of its common stock and held it in Treasury.

At December 31, year 3, the number of shares of Beck's common stock were outstanding is

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