Answer:
D) have customers who operate in many different parts of the country.
Explanation:
A lockbox is basically a bank mailing address where a company's clients can send their payments to. It is similar to mailbox that receives letters, only that this one receives checks and cash. The bank is in charge of opening the lockbox and depositing the cash and checks to the company's account, and reporting the information.
Answer:
2%
Explanation:
Based on the industry standards and regulations, an investment banking firm or a broker-dealer canvassing the agreements from limited partners in relation to a roll-up is outrightly limited to compensation of 2% of the value of the newly created securities.
Therefore, the correct answer, in this case, is that the compensation limit for this activity is pegged at 2 percent
Answer:
$26,000 adverse variance
Explanation:
Fixed Overheads Volume Variance = Budgeted Overheads at Actual Output - Budgeted Fixed Overheads
= $1.30 x 60,000 hours - $1.30 x 80,000
= $78,000 - $104,000
= $26,000 adverse variance
The fixed factory overhead volume variance is $26,000 adverse variance
