Why would a country's currency come under a speculative attack?
A) A country has nearly exhausted its foreign currency reserves.
B) A country announces a poor monetary policy decision.
C) A country raises its interest rate too high attracting currency investors.
D) A country changes its monetary regime unexpectedly.
Answer: A
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A company's planned activity level for next year is expected to be 100,000 machine hours. At this level of activity, the company budgeted the following manufacturing overhead costs:
Variable Fixed Indirect materials $90,000 Depreciation $37,500 Indirect labor 120,000 Taxes 7,500 Factory supplies 15,000 Supervision 30,000 A flexible budget prepared at the 90,000 machine hours level of activity would show total manufacturing overhead costs of a) $270,000. b) $202,500. c) $277,500. d) $225,000.
Which of the following are considered owners of a corporation?
A) shareholders B) board of directors C) chief executive officer D) corporate officers