Logan's application to Metro Bank for a credit card is denied. Logan can obtain information on his credit history in a credit agency's files under
A)?no federal law
B)?the Equal Credit Opportunity Act.
C)?the Fair Credit Reporting Act.
D)?the Fair Debt Collection Practices Act.
C
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Forensic audits include all of the following except:
A. criminal investigations. B. employee fraud. C. manufacturers' assertions about product quality. D. management fraud.
To facilitate interaction with people whose cultural background or gender differs from your own, you need to do which of the following?
A. open yourselves to and respect the differences that exist B. maintain a rigid outlook C. avoid conversation D. ignore the differences that exist
According to the SPM, ______.
A. every task performed in every area of a firm has an impact on the firm’s bottom line B. every task performed in every area of a firm has an impact on the firm’s product quality C. every task performed in every area of a firm has an impact on the firm’s production capability D. every task performed in every area of a firm has an impact on the morale of the firm’s employees
The Vermont Company has requested a performance report that reports both sales activity variances and flexible budget variances. The following table of information is provided: Static Budget Flexible Budget Actual Results?Number of units10,000 F/U 12,000 F/U 12,000?Sales$430,000 $516,000 $526,000 ?Less variable costs: ?Materials 102,200 122,640 124,640 ?Labor 86,000 103,200 105,200 ?Overhead 51,600 61,920 57,920 ?Selling and administrative 34,400 41,280 39,280 ?Contribution margin$155,800 $186,960 $198,960 ?Less fixed
costs: ?Manufacturing 36,000 36,000 34,000 ?Selling and administrative 74,000 74,000 76,000 ?Net income$45,800 $76,960 $88,960 ?? Required:(1) Compute and enter the variances and label the variances as favorable (F) or unfavorable (U).(2) Which variances are sales volume variance and which variances are flexible budget variances?(3) Comment on this company's performance. What will be an ideal response?