Credit Loan Company extends credit in the ordinary course of its business. Under the Truth-in-Lending Act, Credit Loan must inform potential borrowers of
A. credit terms offered by other lenders.
B. comparative prices for goods to be bought with the borrowed funds.
C. Credit Loan’s credit terms.
D. the borrowers’ credit scores.
Answer: C
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All of the following are true concerning Down syndrome EXCEPT
A. in 23% of cases, the sperm contributes the extra chromosome. B. chances of a woman having a child with Down syndrome decrease as she gets older. C. it is caused by autosomal trisomy 21. D. it is the most common trisomy in humans.
The only function that brings operating revenues into the organization is ____________
a. marketing b. management c. finance d. accounting e. information technology
Xavier and Yolonda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 15%, salary allowances of $22,000 and $20,000 respectively, and the remainder equally. How much of the net income of $90,000 is allocated to Xavier?
A) $30,250 B) $47,750 C) $45,000 D) $42,250
A. Purchase price B. Insurance in transit FOB shipping point C. Freight for delivery FOB shipping point D. Repair due to negligence of receiving clerk E. Receiving Department employee salary F. Cost of processing purchase orders. Which of the above costs would be included in inventory?
a. a,b,c b. d,c c. c,e,f d. a,b,d,e