Ethics is the study of good and bad behavior

Indicate whether the statement is true or false


TRUE

Business

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The static budget, at the beginning of the month, for Assembly Furniture Company follows

Static budget: Sales volume: 1,100 units; Sales price: $71.00 per unit Variable costs: $33.00 per unit; Fixed costs: $36,400 per month Operating income: $5,400 Actual results, at the end of the month, follows: Actual results: Sales volume: 980 units; Sales price: $75.00 per unit Variable costs: $36.00 per unit; Fixed costs: $33,500 per month Operating income: $4,720 Calculate the sales volume variance for fixed costs. A) $2,940 U B) $2,900 F C) $4,560 U D) $0

Business

The Troubled Asset Relief Program (TARP) does not permit the federal government to purchase mortgages directly

Indicate whether the statement is true or false

Business

A negotiable certificate of deposit

A) is a term security because it has a specified maturity date. B) is a bearer instrument, meaning whoever holds the certificate at maturity receives the principal and interest. C) can be bought and sold until maturity. D) all of the above. E) only A and B of the above.

Business

According to Nash, the standard cost of maintenance for most ERP vendors is ________ percent annually

A) 15 B) 48 C) 22 D) 63

Business