Which of the following is most likely to be classified as a variable cost?
A) Factory rent
B) Factory insurance
C) Direct materials
D) Depreciation of factory building
C
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The carrying value of a bond issue is the face value of the bonds plus the unamortized discount
Indicate whether the statement is true or false
The value to consumers that comes from having the offering available when they need it constitutes ________ utility.
A. time B. market C. possession D. form E. place
Which of the following is TRUE of internal control?
A) A company outside auditor is responsible for the company internal control system. B) One of the major purposes of internal control is to ensure that the assets are safeguarded. C) Internal control procedures tend to diminish the importance of operational efficiency. D) Internal controls are only necessary for public companies.
Bertram, Chaka, and Dougal are co-sureties of Erica's debt to Finance Loan Company. Bertram pays Erica's entire debt. Bertram's right to seek proportionate pay-ments from Chaka and Dougal is the right of A) contribution
B) exemption. C) reimbursement. D) subrogation.