A traditional cost system is generally easier to set up and run than an activity-based costing system.
Answer the following statement true (T) or false (F)
True
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A method that estimates cost behavior by using just the highest and lowest volume levels is called the:
A. High-low method. B. Break-even method. C. Least-squares method. D. Step-wise method. E. Scatter method.
The most recent major privacy law passed by Congress was the
a. Genetic Information Nondescrimination Act (GINA) – defining how businesses can obtain and use genetic information. b. Discrimination Against Narcoleptics Act (DANA) - defining narcolepsy, or uncontrolled sleeping, as a disability under the Americans with Disabilities Act. c. Keeping International Migration Issues Act (KIMI) – defining how businesses can obtain and use immigration status and information. d. Family History and Ancestry Act (FHA) – describing parameters on the use of family history or ancestry in evaluating job candidates.
Once the learning curve has flattened, i.e., reached a mostly horizontal shape, the per-unit time could be described as ________
Fill in the blanks with correct word
What is the present value of $3,500 received 3 years from today if the prevailing interest rate is 6.10%?
A) $2,732.98 B) $2,930.37 C) $3,625.14 D) $4,192.20