The right rider for the physician to add is guaranteed future insurability. If the doctor knows for sure that his income will be growing in the future, he can add guaranteed future insurability rider to his disability policy, and this will allow him to purchase additional insurance without trying any medical question as long as he meets the income eligibility.
Answer:
$580,000 underapplied
Explanation:
The computation of the ending overhead is shown below:
The applied overhead is
= Predetermined overhead rate × actual machine hours
= $40 × 90,000
= $3,600,000
Now the underapplied overhead is
= $4,180,000 - $3,600,000
= $580,000
So the ending overhead is $580,000 underapplied
Answer: b. Company A issued 14,560 new shares of Company A common stock to execute the transaction.
Explanation:
The terms or conditions of the transaction which is an indicator that Company B is the acquiring entity for accounting purposes is that Company A issued 14,560 new shares of Company A common stock to execute the transaction.
The above scenario was chosen because when 14,560 shares are being held, the former shareholders that were in company B will own:
= 14,560/(11,440 + 14,560)
= 14560/26000
= 56% of common stock.
Because 56% of common stock is being own by them means that the company is being controlled by them as they own majority and therefore the board will be elected by them for the next two years.
Answer:
For a manufacturer the budgeted income statement includes amounts from the sales, cost of goods sold, cash, and capital expenditures budgets (c)
Explanation:
Like a typical income statement, the Budgeted income statement would show its Sales Forecast, and the resultant costs of producing these volume projected. It will usually follow a trend consistent with the Previous years Business seasonality, peak and lows, and duration of consumer improved disposable income (e.g periods of tax credit, black friday etc).
In addition a Business will want to forecast its Cashflow and Capital expenditure (Balance Sheet) so as to have a general view of what to expect if circumstances turn out as planned and to have a picture of how much growth or decline it is projecting into the future.
