Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below:Activity Cost PoolTotal CostTotal ActivityResearching legal issues$20,480640research hoursMeeting with clients$1,182,2397,253meeting hoursPreparing documents$91,8405,740documents??The activity rate for the "meeting with clients" activity cost pool is closest to:
A. $61 per meeting hour
B. $1,182,239 per meeting hour
C. $95 per meeting hour
D. $163 per meeting hour
Answer: D
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A result of a separation of duties is that
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A global firm can gain marketing, production, and financial advantages that are not available to purely domestic competitors
Indicate whether the statement is true or false
Mary buys a lottery ticket and promises to buy her friend Sharon a new pair of shoes if she checks the lottery results while Mary is away. Sharon agrees to do so, provided she has the time for it
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