Most lenders immediately will _____ the first time that you have difficulty meeting your loan payments.
A. double your interest rate
B. file a legal case
C. grant an extension
D. erase your debt
E. repossess the property you purchased
Answer: C
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Explain the right of subrogation.
What will be an ideal response?
Which of the following techniques is not used to analyze cost behavior?
A. High-low method. B. Least-squares regression. C. Visual-fit method. D. Multiple regression. E. Linear programming.
Raw materials inventory is made up of those items that are actually sold by the business
Indicate whether the statement is true or false
Claxton FruitcakesOne common Christmas tradition in many households is the Claxton fruitcake. The fruitcake bakery in Claxton, Georgia, makes about 6 million pounds of fruitcake annually and has $12 million in sales. One fruitcake batch weighs 375 pounds. About 70 percent of that weight is fruits and nuts. A single batch is divided into 34 loaf pans that hold 11 pounds each. Loaves are cooked for 100 minutes at 375 degrees. The bakery can cook 6,000 pounds at a time. During the baking season (August-December), the bakery uses a tractor-trailer load of raisins each day. The suggested retail price of a one-pound Claxton fruitcake is $3.69.Refer to Claxton Fruitcakes. For a corporation that has been giving its key customers Claxton fruitcakes since 1950, placing the order for cakes to be
delivered this year would be an example of a _____ because some negotiation about price and quantity must occur each year. A. new buy B. contingency buy C. modified rebuy D. situational buy E. straight rebuy