Commerce Bank & Trust Company offers a business line of credit that has an annual percentage rate of prime plus 4.8%, with a minimum of 11 1/2%. If the prime rate is 6.25%, what is the APR? (Round to the nearest hundredth of a percent)
11.05%
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Which of the following is a control problem related to segregation of duties?
a. Julie writes expense checks and Mark collects cash from customers. b. Bob order office supplies and deposits the company's checks. c. Steve records receivables and writes off bad debts. d. Rebecca records journal entries and orders lunch.
A Home page should usually start with:
a. the site's purpose b. an engaging photograph c. both of the above d. none of the above
Variables are elements that are not likely to change much over time. _________________________
Answer the following statement true (T) or false (F)
Neelon Corporation has two divisions: Southern Division and Northern Division. The following data are for the most recent operating period: Total CompanySouthern Division Northern DivisionSales$418,000$193,000 $225,000 Variable expenses$130,880$79,130 $51,750 Traceable fixed expenses$186,000$77,000 $109,000 Common fixed expense$79,420$36,670 $42,750 The common fixed expenses have been allocated to the divisions on the basis of sales. The Southern Division's break-even sales is closest to:
A. $386,408 B. $265,119 C. $130,508 D. $192,661