When one of the counterparties to an agreement globally may possibly fail to honor its contract, it is known as ________ risk
A) interest rate
B) business
C) transaction
D) default
Answer: D
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Discuss at least four reasons that accounting standards currently differ between countries
The Comfort Foam Products Company completed the flexible budget analysis for the second quarter, which is given below.
Which of the following would be a correct factor to explain the sales volume variance for variable costs?
A) decrease in sales price per unit
B) increase in variable cost per unit
C) increase in sales volume
D) increase in fixed costs
A law firm collected $3700 for work to be performed in the following month. Which of the following general journal entries will the firm make to record this transaction?
A. Debit Legal Fees Revenue, $3700; credit Accounts Receivable, $3700. B. Debit Cash, $3700; credit Unearned Legal Fees Revenue, $3700. C. Debit Cash, $3700; credit Accounts Receivable, $3700. D. Debit Accounts Receivable, $3700; credit Unearned Legal Fees Revenue, $3700. E. Debit Accounts Receivable, $3700; credit Legal Fees Revenue, $3700.
When using the load-distance method to select a new location, the decision maker can represent the number of trips to be made, the number of customers needing a physical presence, or number of tons per week, among other measures, as loads
Indicate whether the statement is true or false