Which of the following is not an insurance rating service?

A) Weiss
B) Moody's
C) Standards & Fitch
D) A.M. Best

Answer: C

Business

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During the past year the growth corporation increased its sales from $1,000,000 to $2,000,000 and its

EBIT from $250,000 to $400,000. The result of this growth will be A) a higher operating profit margin and higher net income. B) a lower operating profit margin and higher net income. C) a lower operating profit margin and lower net income. D) a higher P/E ratio.

Business

Manufacturing overhead, variance analysis

The Principles Corporation is a manufacturer of centrifuges. Fixed and variable manufacturing overheads are allocated to each centrifuge using budgeted assembly-hours. Budgeted assembly time is 2 hours per unit. The following table shows the budgeted amounts and actual results related to overhead for June 2014. Required: 1. Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances using the columnar approach in Exhibit 8- 4 (page 304). 2. Prepare journal entries for Principles' June 2014 variable and fixed manufacturing overhead costs and variances; write off these variances to cost of goods sold for the quarter ending June 30, 2014. 3. How does the planning and control of variable manufacturing overhead costs differ from the planning and control of fixed manufacturing overhead costs?

Business