Suppose you take out a car loan of $10,000 for 3 years at an annual interest rate of 8 percent, with payments to be made monthly. What will be the approximate monthly payments? The relevant formula is:
.
A. $313.36.
B. $323.36.
C. $853.45.
D. $3,880.34.
Answer: A
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In a JIT system, the quality of each product begins with
a. a company's vendors. b. employees. c. inspection of finished goods inventory. d. a good product warranty.
Indira manages a team of people in the accounting department at Financial Partners, LLP. The company has been in buyout talks with a large competitor for the past few months. As the merger deal nears completion, Indira started noticing a change in her team's conduct. One of the collection agents, Malcolm, is taking longer lunches and often returns reeking of alcohol. She observed Akobo, the accounts receivable supervisor, uncharacteristically lashing out at vendors on the phone. Her own assistant, Marjorie, started nervously tapping her feet and pulling at her hair during meetings. Indira is worried about her team and their well-being. According to the protocols of assessment, which of the following actions will help Indira best understanding her team's issues?
A. hiring an expert to observe her team as they work and to report on the status of each member B. considering what might be causing the issues and having her team members fill out questionnaires asking about the sources of their anxieties C. bringing in a masseuse at lunch time once a week to give free massages to the team members who want them D. instituting a program through which high-performing employees mentor lower-performing team members, regardless of seniority E. reading through her team's e-mail correspondence to search for clues about their shift in behavior
Jamison Company has two service departments and two producing departments. Square footage of space occupied by each department follows: Custodial services1,000feetGeneral administration3,000feetProducing Department A8,000feetProducing Department B8,000feet 20,000feetThe department costs of Custodial Services are allocated on a basis of square footage of space. If Custodial Services costs are budgeted at $38,000, the amount of cost allocated to General Administration under the direct method would be:
A. $5,700. B. $6,000. C. $7,125. D. $0.
Which of the following would NOT cause an error in the physical inventory count on December 31?
A) Counting inventory purchased that was shipped by the supplier FOB destination on December 31 B) Double counting an aisle of product C) Counting inventory purchased that was shipped by the supplier FOB shipping point on December 31 D) Forgetting to tag a section of inventory