A credit card statement will not show the method of calculating finance charges

Indicate whether the statement is true or false.


Answer: FALSE

Business

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South Bay Manufacturing began business on January 1. During its first year of operation, South Bay worked on five industrial jobs and reported the following information at year-end:


South Bay's allocation of overhead costs left a debit balance of $1400 in the Manufacturing Overhead account, which was adjusted to zero at year-end. What was the amount of gross profit earned during the year?
A) $26,700
B) $2400
C) $28,100
D) $22,900

Business

Conversion costs are defined as the combined total of direct materials costs and direct labor costs incurred by a production department

Indicate whether the statement is true or false

Business

The company three-year plan include hiring 10% of new employees whom are bilingual

What will be an ideal response?c

Business

The four-fifths rule applies when the number of employees from a protected class is less than four-fifths of the number of employees hired from the class with the highest selection rate.

Answer the following statement true (T) or false (F)

Business