Which of the following is a default?
A) repaying a debt before it is due
B) bankruptcy of the debtor
C) increase of rate of interest by the creditor midway through debt repayment
D) theft of the collateral
B
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Departmental reports are included in official financial statements submitted to the federal government
Indicate whether the statement is true or false
Stage Technologies is a London-based company that supplies engineering solutions for the entertainment industry. It has helped the boy-band Westlife make a flying entrance onto stage and provided stage-rigging packages for the Princess cruise line. The company was established in 1994 after a couple of production designers decided that the automation of theater productions could be done more safely and more efficiently by using modular production rather than the old "build-as-needed" formula. The company installs wenches, stage lifts, and other equipment commonly used in stage productions. The equipment is designed so it can be operated from a single console without heavy lifting. Both opera companies and theaters see the benefit of such a system, but many are reluctant to buy because of
perceived costs.Joseph Harris is the company's best salesperson. Harris is making a sales call on the manager of a theater that is planning to perform three plays this season that include complicated lifting, flying, and a working trapdoor. The manager is aware of the time, labor, and monetary costs involved in staging these productions and wishes there was an easier way to produce the three plays.During the sales presentation to the theater manager, Harris makes a strong selling point about the benefits of the Stage Technologies system. At that point, Harris should most likely: A. immediately move to close the sale. B. re-address a negative objection. C. request a short break. D. continue moving forward with the presentation. E. ask the manager his opinion about the system.
The Thomlin Company forecasts that total overhead for the current year will be $15,000,000 and that total machine hours will be 200,000 hours. Year to date, the actual overhead is $15,500,000 and the actual machine hours are 220,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, what is that overhead rate?
A) $71 per machine hour B) $78 per machine hour C) $68 per machine hour D) $75 per machine hour
What is an example of cultural divergence?
a) Standardized products b) Mass marketing campaigns c) Cultures blending together d) Different menus in international McDonalds