Lee Co. carpeted its offices, requiring 310 square yards of commercial carpet. The total cost of the carpet at Home Depot was $10,230. How much did Lee pay per square yard?

A. $32
B. $33
C. $34
D. $340
E. 3


Answer: B

Business

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The control plan ______________________________ matches records of cash disbursements to bank records to ensure that all disbursements actually made by the bank were authorized and accurate

Fill in the blank(s) with correct word

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Which of the following statements is true about the Federal Arbitration Act (FAA) of 1925?

A. The FAA restricts parties from obtaining a court order to compel arbitration with an arbitration agreement. B. The FAA restricts federal courts from hearing issues of law that have been decided by an arbitrator. C. The FAA provides that arbitration agreements involving commerce are revocable contracts under ordinary circumstances. D. Breach of contract cases and tort claims are not candidates for arbitration as per the FAA.

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FOB destination refers to a situation where title to goods while in transit belongs to the ________

A) buyer B) seller C) transport agency D) insurance agency

Business

Jane purchased a life insurance policy on her own life and named her daughter, Cheryl, as beneficiary

Cheryl has a history of not managing money well. Jane wants the death benefit paid to Cheryl in monthly installments over 20 years. Which settlement option should Jane pre-select for Cheryl? A) lump sum B) fixed amount C) fixed period D) interest option

Business