Risk that cannot be eliminated by diversification is referred to as
A. idiosyncratic risk.
B. market risk.
C. default risk.
D. interest-rate risk.
Answer: B
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Managers should be paid
a. on a periodic scale. b. based on results achieved. c. on a piece rate basis. d. using ESOPs.
A decision tree is drawn from ______.
a. top to bottom b. right to left c. left to right d. bottom to top
Hsu Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 32,000 labor-hours. The estimated variable manufacturing overhead was $7.17 per labor-hour and the estimated total fixed manufacturing overhead was $584,320. The actual labor-hours for the year turned out to be 33,300 labor-hours.Required:Compute the company's predetermined overhead rate for the recently completed year.
What will be an ideal response?
The FASB requires that a statement showing the relationship of functional expenses to natural classifications of expense be prepared by which of the following entities?
A. Health care entities. B. Colleges and universities. C. All not-for-profit entities. D. Voluntary health and welfare entities.