Dealer's spread refers to the _____.?
A. ?the sum of the bid and asked prices of a security and represents the dealer's revenue from the transaction
B. ?the sum of the bid and asked prices of a security and represents the dealer's markup, or profit
C. ?the difference between the bid and asked prices of a security and represents the dealer's markup, or profit
D. ?the difference between the bid and asked prices of a security and represents the dealer's revenue from the transaction
E. ?the ratio of the bid price of a security to its asked price and represents the dealer's markup, or profit
Answer: C
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Some companies use automated payment processing technology in which paper checks that may arrive at a lockbox are converted into electronic payments then the check itself is destroyed. This process is referred to as ?
A) internal control over payments. B) Check 21. C) accounts receivable conversion. D) electronic funds transfer.
Answer the following statement(s) true (T) or false (F)
1. Supervisors are always the best person to assess employee performance. 2. Peer evaluations can give us good insight into the inner workings of a group or team. 3. Attribution error states that similar marks may be given to items that are near each other on the performance appraisal form, regardless of differences in performance on those measures.
What powers does a corporation normally possess?
Bierce Corporation has two manufacturing departments--Machining and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates:??MachiningFinishingTotal?Estimated total machine-hours (MHs)4,0001,0005,000?Estimated total fixed manufacturing overhead cost$20,000$2,100$22,100?Estimated variable manufacturing overhead cost per MH$1.40$2.80?During the most recent month, the company started and completed two jobs--Job B and Job K. There were no beginning inventories. Data concerning those two jobs follow:??Job BJob K?Direct materials$12,800$7,900?Direct labor cost$24,700$6,400?Machining machine-hours2,7001,300?Finishing machine-hours400600Required:a. Assume that the company uses a plantwide predetermined
manufacturing overhead rate based on machine-hours. Calculate that overhead rate.b. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the amount of manufacturing overhead applied to Job B.c. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the amount of manufacturing overhead applied to Job K.d. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. What is the departmental predetermined overhead rate in the Machining department?e. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. What is the departmental predetermined overhead rate in the Finishing department?f. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. How much manufacturing overhead will be applied to Job B?g. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. How much manufacturing overhead will be applied to Job K? What will be an ideal response?