An accountant explains how to construct a “CD ladder,” a technique that enables investors to benefit from the high interest rates of long-term certificates of deposit without losing access to their money for overly long periods of time. This is an example of which type of informative presentation?
a. exploratory
b. explanatory
c. descriptive
d. demonstrative
d. demonstrative
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Hargett Incorporated makes a single product--an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below:?Budgeted (Planned) Overhead:???Budgeted variable manufacturing overhead$45,450??Budgeted fixed manufacturing overhead265,050??Total budgeted manufacturing overhead$310,500??????Budgeted production (a)30,000units?Standard hours per unit (b)1.50machine-hours?Budgeted hours (a) × (b)45,000machine-hours?????Applying Overhead:???Actual production (a)34,000units?Standard hours per unit (b)1.50machine-hours?Standard hours allowed for the
actual production (a) × (b)51,000machine-hours?????Actual Overhead and Hours:???Actual variable manufacturing overhead$68,110??Actual fixed manufacturing overhead255,050??Total actual manufacturing overhead$323,160??Actual hours49,000machine-hoursRequired:a. Determine the variable overhead rate variance for the year.b. Determine the variable overhead efficiency variance for the year.c. Determine the fixed overhead budget variance for the year.d. Determine the fixed overhead volume variance for the year.e. Determine whether overhead was underapplied or overapplied for the year and by how much. What will be an ideal response?
The element of justifiable reliance requires the misrepresentation to be the sole factor in inducing the deceived party to enter into the contract
Indicate whether the statement is true or false
The wealth of corporate owners is measured by the share price of a stock
Indicate whether the statement is true or false
The aggressive funding strategy is a strategy by which a firm finances its current assets with short-term funds and its fixed assets with long-term funds
Indicate whether the statement is true or false