Pluto Travel Services provided the following information:
Direct labor rate: $40 per hour
Predetermined allocation rate for indirect costs: $21 per direct labor hour
Pluto is negotiating a job with a new client. The job will require 10 hours of direct labor. If Pluto wishes to have at least a 15% gross profit on the revenues, it needs to record $713 of revenues.
FALSE
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Properties whose physical substance consists of natural resources that are consumed in the operation of a business are called wasting assets
a. True b. False Indicate whether the statement is true or false
Midway through the life of an amortized loan, the percentage of the payment that represents interest must be equal to the percentage that represents repayment of principal. This is true regardless of the original life of the loan or the interest rate on the loan.
Answer the following statement true (T) or false (F)
Sample size is influenced by which of the following?
A) confidence level changes B) population variability C) precision level changes D) A and B E) A, B, and C
Andrew sells organic fertilizers. He tells his prospect, "You have one of the best nurseries I have ever seen. I think my products will enhance it even more." What type of close is Andrew using here?
A. Forestalling B. Minor-points C. Compliment D. Assumptive E. Double-yes