On adjustable rate loans, the Annual Percentage Rate quoted at the start of the loan
A) takes into account the initial contract rate on the loan, but not future contract rates.
B) takes into account the initial contract rate, and the highest possible contract rate given the terms of the loan.
C) takes into account the average expected contract rate over the duration of the loan.
D) is not published because future contract rates can not be known with certainty.
Answer: A) takes into account the initial contract rate on the loan, but not future contract rates.
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______________________________ is an inventory management approach where inventory needs and inventory production capabilities are matched across the entire global enterprise
Fill in the blank(s) with correct word
Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$120? Units in beginning inventory 0Units produced 9050?Units sold 8650?Units in ending inventory 400? Variable costs per unit: Direct materials$20?Direct labor$62?Variable manufacturing overhead$8?Variable selling and administrative expense$12?Fixed costs: Fixed manufacturing overhead$135,750?Fixed selling and administrative expense$9000?What is the net operating income for the month under variable costing?
A. $16,950 B. $6000 C. $(25,050) D. $10,950
Payroll taxes are based on the employee's net pay
Indicate whether the statement is true or false
A company can calculate its days-in-inventory ratio by dividing the 365 days per year by its ____________________
Fill in the blank(s) with correct word