A company borrowed $21,000 by signing a 90-day promissory note at 12%. The total interest due on the maturity date is: (Use 360 days a year.)
A. $2520.00
B. $630.00
C. $945.00
D. $52.50
E. $315.00
Answer: B
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Which of the following statements about dominant group influence is accurate?
a. Dominant group membership typically fosters a sense of nervousness and inferiority. b. Members of the dominant group must actively seek to influence or control organizational culture to have a disparate impact. c. Dominant group cultural impact is most noticeable to subordinate group members. d. Dominant and subordinate group members have similar levels of impact on organizational culture.
If a firm wants to develop a sustainable competitive advantage, it should
A. begin an aggressive campaign to buy up competitors. B. examine its operations and customer relations to identify significant things competitors cannot easily copy. C. increase its marketing budget so that it outspends its competitors. D. arrange to meet with competitors to discuss how to avoid direct competition. E. copy the innovative features of other firms that are attractive to customers.
Pooler Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.15 direct labor-hours. The direct labor rate is $7.00 per direct labor-hour. The production budget calls for producing 6,500 units in April and 6,200 units in May. The company guarantees its direct labor workers a 40-hour paid work week. With the number of workers currently employed, that means that the company is committed to paying its direct labor work force for at least 1,000 hours in total each month even if there is not enough work to keep them busy. What would be the total combined direct labor cost for the two months?
A. $13,510.00 B. $14,000.00 C. $13,825.00 D. $13,335.00