The "Rule of 78" tends to favor
A)
the borrower over the lender if there is not an early repayment of the loan.
B)
the lender over the borrower if there is not an early repayment of the loan.
C)
the borrower over the lender if there is an early repayment of the loan.
D)
the lender over the borrower if there is an early repayment of the loan.
D
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Answer the following statements true (T) or false (F)
An event, as defined in SFAC No. 6, is “a happening of consequence to an entity.”
When conducting a SWOT analysis, in what phase of the strategic marketing process is an organization presently engaged?
A. control B. planning C. metrics D. implementation E. segmentation
In the law of contract, consideration means:
A) Courtesy B) Respect C) Performance D) Discharge E) Value
Milar Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateDirect materials 7.7pounds$4.00per poundDirect labor 0.1hours$20.00per hourVariable overhead 0.1hours$4.00per hourIn January the company produced 2,000 units using 16,060 pounds of the direct material and 210 direct labor-hours. During the month, the company purchased 16,900 pounds of the direct material at a cost of $65,910. The actual direct labor cost was $4,473 and the actual variable overhead cost was $756.The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.The labor rate variance for January is:
A. $273 U B. $260 F C. $260 U D. $273 F