With regard to mortgages, the Consumer Finance Protection Bureau (CFPB) requires mortgage servicers
A)to contact borrowers who are 36 days late in making a payment
B)to wait 180 days after nonpayment before beginning foreclosure.
C)to credit payments within 3 days after they are received.
D)to extend delinquent borrowers additional time to repay the loan.
A
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Duran Manufacturing uses a process costing system and manufactures its product in three departments. Which of the following is NOT a way in which Duran can use the cost per unit of each process?
A) Duran can look for ways to cut the costs when actual process costs are more than planned process costs. B) Duran needs to set the selling price to cover the costs of making the product and provide a profit. C) Duran can only use the cost per unit of each process if all units are fully completed at the end of the accounting period. D) Duran needs to know the ending balances in the following accounts: Work-In-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold.
A person who has alternative periods of sanity and insanity can enter into contracts ________
A) when he or she is in a state of sanity B) when there is a legal guardian appointed by the court for that person C) once he or she has been adjudged to be insane D) only once he or she has been adjudged to be legally insane
When you transfer a phone call, ____.
A. ask callers if they want to be transferred B. request their phone number in case they are disconnected C. identify who might answer the transferred phone by name D. all of the above
The Revised Act permits the board of directors to adopt certain amendments without shareholder action. These amendments would include:
A) extending the duration of the corporation if it was incorporated when limited duration was required by law. B) changing each issued and unissued authorized share of an outstanding class into a greater number of whole shares if the corporation has only one class of shares. C) making minor name changes. D) All of these.