Which of the following statements express the purpose of the Truth-in-Lending Act?
a. To require lenders to charge a "reasonable" rate of interest.
b. To help small business.
c. To provide consumers with information necessary to make the best credit decision.
d. To help lenders limit state laws.
c
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Define internal and external recruiting, and give the advantages and disadvantages of each. Internal recruiting means making people already employed by the organization aware of job openings, often through job postings on bulletin boards, in newsletters, and on the organization's intranet.
What will be an ideal response?
Underfoot Products uses standard costing. The following information about overhead was generated during May: Standard variable overhead rate $2 per machine hour Standard fixed overhead rate $1 per machine hour Actual variable overhead costs $390,000 Actual fixed overhead costs $175,000 Budgeted fixed overhead costs $190,000 Standard machine hours per unit produced 10 Good units produced 18,000
Actual machine hours 200,000 Using the above information provided for Underfoot Products, compute the variable overhead efficiency variance. A) $10,000 (F) B) $10,000 (U) C) $40,000 (F) D) $40,000 (U)
Al owns all the shares in Star Manufacturing Inc Star became $800,000 in debt and declared bankruptcy
Al then went to his brother and got a loan for $150,000 and Al then incorporated a new corporation called Nova Manufacturing Inc Al owns all the shares in Nova. When the trustee in bankruptcy had a sale of all the assets of Star Manufacturing Inc, Al went to the sale on behalf of Nova and bought all the assets of Star for $100,000 (about 10% of their original value) as there were no other bidders on the equipment. Al is now carrying on his same business as before but under the name of Nova Manufacturing. The Star creditors who were owed $800,000 and only got a small percentage of what they were owed and are furious that Al is still in business. This is A) illegal as since Al owned all the shares in both corporations Nova is liable for Star's debt B) illegal as it is a fraud on the creditors C) legal as Star and Nova are separate legal entities and Nova is not liable for Star's debts D) legal but Star creditors can sue Al personally for the money they are still owed E) both A and B
Your company is considering submitting a bid on a major project. You determine that the expected completion time is 100 weeks and the standard deviation is 10 weeks. It is assumed that the normal distribution applies
You wish to set the due date for the project such that there is an 85 percent chance that the project will be finished by this time. What due date should be set? A) 108.0 B) 110.4 C) 89.6 D) 85.0 E) 100