If the federal government creates regulations over certain business practices, states may not imitate those regulations if state rules, like the federal rules, will limit interstate commerce
a. True
b. False
Indicate whether the statement is true or false
True
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The manufacturer launches a brand building advertising campaign. The campaign does not promote any one specific car but is aimed at promoting the company as a whole. Which type of cost does this fall under?
A) direct costs B) material costs C) nontraceable costs D) traceable costs E) labor costs
Steven is an analytical, action-oriented person and places great value on business messages that are objective, professional, and efficient. He is most likely part of a(n) ____ culture
A) low-context B) spiral logic C) high-context D) intuitive
Jemmott Corporation has two divisions: Western Division and Eastern Division. The following report is for the most recent operating period: Total CompanyWestern Division Eastern DivisionSales$406,000$188,000 $218,000 Variable expenses 111,880 63,920 47,960 Contribution margin 294,120 124,080 170,040 Traceable fixed expenses 191,000 85,000 106,000 Segment margin 103,120 39,080 64,040 Common fixed expenses 69,020 31,960 37,060 Net operating income$34,100$7,120 $26,980 The common fixed expenses have been allocated to the divisions on the basis of sales. The Western Division's break-even sales is closest to:
A. $233,364 B. $358,929 C. $177,212 D. $128,788
Zack Peyton borrowed $398,000 from Fifth First Bank to purchase a new home. Zack gave First Bank a mortgage on his home. The mortgage was recorded on January 3, 2014. Zack had made a down payment of $42,000. When Zack moved in, he purchased an in-ground swimming pool from Paddock Pools for $35,000. Zack paid Paddock $4,000 and Paddock financed the remaining amount for him, recording a mortgage
for $29,000 on February 26, 2014. Zack needed window coverings, landscape, and some new furniture. Wells Fargo gave Zack a $150,000 home equity line of credit, secured by a mortgage on Zack's home for $150,000. Wells Fargo recorded the home equity credit line mortgage on February 1, 2014. Zack, because of a bonus at work, did not draw on the line of credit until June 10, 2015, using $25,000. The economy went south somewhere around September 2015. The value of Zack's home dropped by almost 50%. Zack lost his job. He could no longer make his payments. Fifth First Bank served Zack with a notice of foreclosure on November 1, 2015. ?Suppose that Tommy Tonita purchased the Zack home at a foreclosure sale. Tommy paid the $220,000. What type of document would Tommy receive at the foreclosure sale? A)?A warranty deed B)?A special warranty deed C)?A sheriff's deed D)?A bargain and sale deed