Answer:
Option (b) is correct.
Explanation:
Given that,
Estimated total fixed manufacturing overhead = $121,000
Estimated direct labor-hours for the period = 10,000
Actual total fixed manufacturing overhead = $113,000
Actual total direct labor-hours during the period = 10,900
Predetermined overhead rate:
= Estimated total fixed manufacturing overhead ÷ Estimated direct labor hours
= $121,000 ÷ 10,000
= $12.10
Therefore, the predetermined overhead rate is closest to $12.10.
Answer:
Herstatt.
Explanation:
The risk that a central bank will not make the necessary transfer of foreign currency to complete a currency settlement is known as herstatt risk.
Herstatt risk is also known as cross-settlement risk or settlement risk. It was named after Bankaus Herstatt (a German bank) that failed in June 1974 when it was supposed to settle a contract for a payment received from the other party and consequently, amounting to a loss of about $602,000,000.
Hence, is mainly a loss in foreign exchange transactions where a party defaults after receiving money from another.
Answer:
a. True
Explanation:
Innovation is an essential concept for today's companies, which need to position themselves and stand out in a globalized and highly competitive market.
Therefore, it is correct to say that innovation is a strategy that companies use to develop their processes and organizational systems, in order to keep up to date with market and consumption patterns, exceeding the expectations of their stakeholders. Despite demanding continuous effort and resources, innovation starts to be naturally increased in the companies that develop it, because it impacts the organizational culture in a positive way, generating greater creativity, productivity and continuous improvement of all organizational processes, which impacts on the positioning of the company in the market and its profitability.
Answer:
A) privately held corporation.
Explanation:
In the given example, the most appropriate option is a privately held corporation as the stock is owned by the 13 principles. It is not offered to anyone other than these 13 principles, which means they do not offered to the public at large.
It is different from the publicly held corporation as the shares or the stock of the business organization are offered to the general public. But in this case, it offered to only 13 principles
Hence, other options are wrong except A
