To avoid litigation, some credit-granting companies
a. choose not to respond to customer requests for credit.
b. choose to omit from their letters the explanation for credit denial.
c. make the name and address of the credit bureau inaccessible to the consumer.
d. refuse credit by phone rather than in writing.
B
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Rubio, Inc, a law consulting firm, has been using a single predetermined overhead allocation rate with direct labor hours as the allocation base to allocate overhead costs
The direct labor rate is $300 per hour. Clients are billed at 160% of direct labor cost. Chandler Massey, the president of Rubio, decided to develop an ABC system to more accurately allocate the indirect costs. He identified two activities related to the total indirect costs-travel and information technology (IT) support. The other relevant details are given below: Activity Allocation base Estimated costs Estimated quantity of allocation base Travel Miles driven $85,000 1,500 miles IT Support Direct labor hours 59,000 1,250 DLH Total $144,000 The predetermined overhead allocation rate for travel will be ________. (Round your answer to the nearest cent.) A) $47.20 per mile B) $56.67 per mile C) $68.00 per mile D) $96.00 per mile
The Toxic Substances and Control Act applies only to chemical substances manufactured in the U.S., not to imported chemicals
a. True b. False Indicate whether the statement is true or false
____ files are permanent database files that are updated over time.
A. Programmed B. Unprogrammed C. Master D. Transaction
Narrative 11-2 Solve the following problems using either Tables 11-1 or 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest
hundredth of a percent) Suppose you wish to have $5,500 in 18 years. Use the present value formula to find how much you should invest now at 6% interest, compounded annually in order to have $5,500, 18 years from now.