Identify two non-governmental organizations that provide guidance to businesses for reducing environmental impacts from disposal of materials to reductions in greenhouse gas emissions
What will be an ideal response?
1. UN Framework Convention on Climate Change (UNFCCC), and 2. International Organization for Standardization (ISO)
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Gregory borrows $200,000 from Mountain Bank to purchase a plot of land, and Mountain Bank perfects its security interest. Gregory defaults on the loan, and owes an outstanding balance of $80,000
His house has gone down in value to $160,000 at the time of default, but he has other personal assets to satisfy the debt. Which of the following is a course of action for Mountain Bank to recover the debt after foreclosing on the loan? A) proceed to judgment against Gregory B) file a financing statement C) release a termination statement D) proceed to repossess the collateral
Peterson Enterprises manufactures picture frames
Its production operations are divided into two departments - Assembly and Finishing. The company uses a process costing system. Peterson incurred the following costs during the year to produce 6,000 picture frames: Assembly $9,700 Finishing $2,250 If Peterson can only sell 5,100 picture frames during the year, what will be the cost per unit of the picture frames produced? (Round your answer to the nearest cent.) A) $2.34 B) $1.99 C) $1.62 D) $1.90
Alexander Consumer Products has a small car division that operates as a profit center
Below is a partially completed responsibility report for the first quarter. Responsibility Report Actual Flexible Budget Flexible Budget Variance U/F Percentage Variance U/F Sales Revenue $688,000 $703,000 Variable Expenses 309,000 320,000 Contribution Margin 379,000 383,000 Traceable Fixed Expenses 371,000 368,000 Division Margin $8,000 $15,000 Compute the percentage variance for the flexible budget variance for traceable fixed expenses. (Round your answer to two decimal places.) A) 0.82% F B) 0.82% U C) 1.04% U D) 1.04% F
An involuntary bankruptcy petition, even if contested by the debtor, may still result in an order for relief if:
a. the debtor generally is paying his admitted debts as they come due. b. a custodian was appointed within 120 days before the filing of the petition to enforce a lien against the debtor's property. c. the debtor failed to pay three or more creditors whose total claims equal $5,000. d. the petition was filed in bad faith.