A 60-day, 9% note for $10,000, dated May 1, is received from a customer on account. The maturity value of thenote is
a. $10,000
b. $10,150
c. $10,900
d. $9,100
b
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A creditor of a limited partner may obtain a charging order against a partner's interest in the partnership, thereby obtaining the rights of an assignee of the partnership interest
a. True b. False Indicate whether the statement is true or false
Dirickson 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 7.6 ounces$9.40per ounceDirect labor 0.10hours$18.00per hourVariable manufacturing overhead 0.10hours$5.30per hourThe company has reported the following actual results for the product for July: Actual output 7,600unitsRaw materials purchased 63,000ouncesActual cost of raw materials purchased$541,800 Raw materials used in production 57,750ouncesActual direct labor-hours 820hoursActual direct labor cost$16,072 Actual variable overhead cost$4,592 The raw materials quantity variance for the
month is closest to: A. $94 F B. $94 U C. $86 U D. $86 F
The branch of law that consists of legal rules that define the authority and structure of hundreds of administrative agencies is known as:
a. administrative law b. tort law c. legislative delegation law d. agency law e. business law
A private-placement memorandum is:
a. a notice to the SEC about a non-registered security sale that is occurring b. a contract signed by the buyer of an unregistered security in which they recognize they are buying risky, unregistered securities c. a notification to stock brokers about the availability of an unregistered stock offering d. a note placed in the permanent files of an unregistered security offering detailing the offer e. none of the other choices