Tim buys a high-powered tool from Binford Tools to use on the construction of his own garage. Binford Tools provides a full warranty on the tool for the first six months. To pay for the tool, Tim signs a negotiable promissory note which contains the FTC Consumer Credit Notice. Binford properly negotiates the note to First Finance. Within three weeks, the tool stops working and Binford refuses to

repair or replace it. In the meantime, First Finance demands payment from Tim. Under the Federal Trade Commission rules, this consumer credit situation means First Finance
A) can collect if it is a holder in due course.
B) can collect if it is not a holder in due course.
C) can collect whether or not it is a holder in due course.
D) cannot collect.


D

Business

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Which of the following is NOT true about economic sanctions?

a. They protect domestic economy. b. They increases nuclear proliferation. c. They combat international terrorism. d. They protect human rights.

Business

Voorhees Manufacturing Corporation produces three products in a joint process. Additional information is as follows:ProductO P  Q Total Units produced 42,000  50,000  8,000  100,000 Sales value at split off$250,000 $50,000 $20,000 $320,000 Additional costs if processed further$18,000 $30,000 $10,000 $58,000 Sales value if processed further$290,000 $70,000 $25,000 $385,000 Joint costs         $300,000 Product weights in pounds 84,000  150,000  8,000  242,000 Required:(a) Determine which products should be sold at split-off and which should be processed further.(b) Assuming Voorhees makes decisions that are in its best interest for overall profitability, what would be the company's gross margin?  

What will be an ideal response?

Business

Since CDs are insured by the FDIC, the rates are usually the same from one institution to another

Indicate whether the statement is true or false.

Business

Active data warehousing can be used to support the highest level of decision making sophistication and power. The major feature that enables this in relation to handling the data is

A) country of (data) origin. B) nature of the data. C) speed of data transfer. D) source of the data.

Business