Explain why RESPA was passed
?To limit closing costs. To provide for full disclosure on closing costs. To limit escrow deposits. To stop kickbacks and referral fees.
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For the following situation, state whether it represents a strength or weakness in internal control and give the reason for your answer. Baker Auto Supply purchases merchandise inventory from A & B Company. The accountant places the order, verifies receipt of the merchandise, and records the transaction in the general journal.
What will be an ideal response?
Sheddon Industries produces two products. The products' identified costs are as follows: Product A Product BDirect materials$20,000 $15,000 Direct labor 12,000 $24,000 The company's overhead costs of $108,000 are allocated based on labor cost. Assume 4,000 units of product A and 5,000 units of Product B are produced. What amount of production costs would be assigned to Product A? (Do not round intermediate calculations.)
A. $68,000 B. $111,000 C. $36,000 D. None of the answers are correct.
Kira does not like to empty the trash in their office. She has decided to offer a little bonus to whomever will take the trash out every evening before the close of business. Kira is using ____________as a tactic for influencing the people in her office.
a. Personal appeals b. Exchange c. Coalition building d. Inspirational appeals
______ is the percentage of customer orders that can be fully and completely filled from items in stock.
a. Order fill rate b. In-stock probability c. Out-of-stock probability d. Order delivery completion