Information systems should be created by a business only if they help achieve the strategiesof that business

Indicate whether the statement is true or false


TRUE

Business

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Working capital is the excess of a company's current assets over current liabilities

Indicate whether the statement is true or false

Business

The Uniform Commercial Code (UCC) changes the common law rule by saying that a timely expression of acceptance creates a contract even if it includes terms that are different from those stated in the offer or states additional terms on points the offer did not address. This controversial rule is known as the ________.

A. Doctrine of Substantial Performance B. "Battle of the Forms" C. Last Clear Chance Doctrine D. "Mirror Image" Rule

Business

A $10,000, 12%, 60-day note was received 6 days ago. The note is discounted today with the bank charging a 10% discount. What will be the amount of the bank discount?

a. $10,000 b. $153 c. $10,200 d. $47 e. None of the above

Business

The following data have been provided by Furr Corporation: Budgeted production 7,000motorsStandard machine-hours per motor 8.6machine-hoursStandard indirect labor rate$7.10per machine-hourStandard power rate$1.40per machine-hour    Actual production 7,300motorsActual machine-hours (total) 62,140machine-hoursActual indirect labor cost (total)$408,340 Actual power cost (total)$94,989 ?Indirect labor and power are both elements of variable manufacturing overhead.?The variable overhead rate variance for indirect labor is closest to:

A. $4,544 F B. $32,854 U C. $32,854 F D. $37,398 F

Business