When interest rates are stated or given for loan repayments, it is not assumed that they are annual percentage rates (APRs) unless specifically stated otherwise
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: When interest rates are stated or given for loan repayments, it IS ASSUMED that they are annual percentage rates (APRs) unless specifically stated otherwise.
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Fluegge Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateDirect materials 5.7liters$5.40per literDirect labor 0.70hours$20.60per hourVariable manufacturing overhead 0.70hours$5.50per hour?The company has reported the following actual results for the product for December: Actual output 4,100unitsRaw materials purchased 25,100litersActual price of raw materials$4.80per literActual cost of raw materials purchased$120,480 Raw materials used in production 23,360litersActual direct labor-hours 2,700hoursActual direct labor rate$21.20per hourActual direct labor
cost$57,240 Actual variable overhead rate$5.90per hourActual variable overhead cost$15,930 ?The raw materials price variance for the month is closest to: A. $14,016 F B. $15,060 U C. $14,016 U D. $15,060 F
Interpreters and compilers both translate the human-readable code in high-level languages into machine languages in the same manner
Indicate whether the statement is true or false
A software package evaluation process is often based on a series of questions sent to vendors, called a(n)
A) systems design document. B) strategic planning document. C) information systems management plan. D) request for proposal. E) logical design document.
Tariq sold certain U.S. Government bonds and State of Oregon bonds at a loss to offset short-term capital gain from a previous transaction. He felt that the U.S. Government and State of Oregon bonds were "good" investments, so he repurchased identical securities within one week. Do these transactions constitute wash sales?
If the bond sales resulted in the recognition of gain (rather than loss), would the wash sale provisions prevent the gains from being recognized?