Lyman's business has grown to 400 employees with annual revenues of $15 million. He would like to expand further but needs another $5 million. He should consider:
A. a 7(a) guaranty loan.
B. a CDC 504 loan.
C. the SBIR program.
D. an SBIC loan.
Answer: D
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Beginning inventory + purchases + transportation charges equals the _____
a. gross profit b. cost of goods sold c. cost complement d. cost of merchandise available for sale
Sturdivant Fasteners, Co. uses a traditional allocation of overhead based on direct labor hours. The manager has accumulated the following information on engineering changes, which are indirect cost of their products, for two of the company's major products: ?AutomotiveFastenersComputerFastenersTotal units produced5,0002,500Cost per engineering change$400$ 400Number of engineering changes525Direct labor hours per unit44Compute the cost per unit using: The traditional two-stage allocation of the costs of engineering changes based on direct labor hours.
What will be an ideal response?
A British firm and a U.S. Corporation each wish to enter into a currency swap hedging agreement
The British firm is receiving U.S. dollars from sales in the U.S. but wants pounds. The U.S. firm is receiving pounds from sales in Britain but wants dollars. Which of the following choices would best satisfy the desires of the firms? A) The British firm pays dollars to a swap dealer and receives pounds from the dealer. The U.S. firm pays pounds to the swap dealer and receives dollars. B) The U.S. firm pays dollars to a swap dealer and receives pounds from the dealer. The British firm pays pounds to the swap dealer and receives dollars. C) The British firm pays pounds to a swap dealer and receives pounds from the dealer. The U.S. firm pays dollars to the swap dealer and receives dollars. D) The British firm pays dollars to a swap dealer and receives dollars from the dealer. The U.S. firm pays pounds to the swap dealer and receives pounds.
Under common law, a counteroffer is also a rejection
Indicate whether the statement is true or false