Checking account A charges a monthly service fee of $20 and a wire transfer

Which of the following statements concerning family businesses is correct?

miv72 [106K]

Answer:

3. Most top managers at family firms tend to stay in their positions much longer than those at nonfamily firms.

Explanation:

A key success factors in family firms is understanding the culture. This is usually the foundation of the business.

So when family members occupy a position, they tend to stay on much longer because they have intimate knowledge of the business and the goals and objectives are personal to them.

Also loyalty tends to play a part, family members have close relationships which are long-term.

7 0

3 years ago

Robert, who lives in Ohio, files a lawsuit against Trading Post, a Washington company, in an Ohio state court. The Trading Post'

ss7ja [257]

Answer: conducted substantial business with Ohio residents through the Web site.

Explanation: The sliding - scale standard confirms when exercising jurisdiction over an out of state defendant is allowed. It is only allowed when significant business has been conducted by this out of state company over the Internet with another state. In this case the out of state defendant is Trading Post, a Washington company, and it has dealt in transactions over the Internet with the state of Ohio via its website. Because the business conducted in Ohio is significant, it gives Robert the grounds to sue Trading Post, even though Trading Post is not based in the same state as Robert.

8 0

3 years ago

In the post-Reconstruction era most African-Americans in the South had little opportunity for economic advancement, and worked m

grin007 [14]

<span>Overwhelmingly, blacks refused to work in gangs under the direction of an overseer and generally preferred renting land to working for wages. African American's took the opportunity of freedom to educate themselves, band together, and work towards a more equal and fair life for not only themselves, but also their families.</span>

6 0

3 years ago

The legal document identifying the rights and obligations of both the bondholders and the issuer is called the bond ______. This

V125BC [204]

Answer: indenture

Explanation:

The bond indenture is a legal contract that or covers a purchase obligation or a debt.

Therefore, the legal document identifying the rights and obligations of both the bondholders and the issuer is called the bond indenture. This document describes the number of bonds authorized, their par value, and the contract interest rate.

7 0

3 years ago

At the beginning of the year, manufacturing overhead for the year was estimated to be $267,500. At the end of the year, actual d

nignag [31]

Answer:

estimated direct labor hours= 21,400 hours

Explanation:

Giving the following information:

Estimated overhead= $267,500.

Actual direct labor hours= 22,100 hours

Actual manufacturing overhead= $262,500

Overapplied overhead= $13,750

<u>We need to reverse engineer the allocation process of overhead costs to calculate the estimated overhead hour:</u>

Under/over applied overhead= real overhead - allocated overhead

-13,750= 262,500 - allocated overhead

276,250= allocated overhead

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

276,250= Estimated manufacturing overhead rate*22,100

$12.5= Estimated manufacturing overhead rate

Finally, we can calculate the estimated direct labor hours:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

12.5= 267,500/ estimated direct labor hours

estimated direct labor hours= 21,400 hours

7 0

3 years ago