Answer:
The answer might be option no C
Answer:
c) Catastrophe Bonds
Explanation:
These type of bonds are also known as the CAT bonds, and they are issued at any catastrophic event which is foreseen in the future. Basically these are insured linked securities that are used in the process of managing risks that are associated with the catastrophic events such as mentioned in the question i.e hurricane.
Any investor before investing in these bonds should fully understand what type of bonds are these because they posses a greater risk of low return and are very different from conventional bonds.
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Answer:
Cutting = $10.99 per machine hour
Finishing= $15.28 per direct labour hours.
Explanation:
The question requests the predetermined overhead rate for Cutting department and Finishing department
Step 1: What is the formula for the pre-determined overhead rate
For the Cutting Department
Predetermined Overhead rate= The total fixed manufacturing Overhead/ Total Machine Hours +Variable Manufacturing Overhead rate per machine hour.
= $390,000/$43,400) + $2
= $10.99 per machine hour
For the Finishing Department
Predetermined Overhead rate= The total fixed manufacturing Overhead/ Total Labour Hours +Variable Manufacturing Overhead rate per machine hour.
= $496,000/43,000) + $3.75
= $15.28 per direct labour hours.
Answer:
The credit on December 31 is to credit Treasury Stock with $15,000.
Explanation:
There are two methods for accounting for Treasury Stock. The first is the par value method. With this method, the Treasury Stock account is debited or credited with the par value for each transaction, while the difference in par value is taken to the Additional Paid-in Capital account.
Using the cost method, the Treasury Stock account is debited and credited with the value of each transaction and the Additional Paid-in Capital account is not affected.
This implies that under the cost method, the purchase and resale of treasury stock is recorded by debiting and crediting the treasury stock account by the actual cost of purchase and actual value of sale.
Answer: Your answer would most likely be C. Physical attributes.
Explanation:
