If no annual interest rate is listed on a contract, just a monthly interest rate, the consumer does not have to pay any interest on the amount owed
Indicate whether the statement is true or false
FALSE
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Which is NOT a sanction placed against North Korea?
a. cap on the amount of oil that can be purchased b. restrict trade only to textiles and coal c. ban on entry of North Koreans into other countries d. ban on financial institutions doing business with North Korea
Evidence is required to be sufficient and appropriate in order to provide a reasonable basis for audit conclusions
a. True b. False Indicate whether the statement is true or false
The following information is available from the Arugula Company: Actual factory overhead $16,800 Actual fixed overhead expenses $ 9,200 Budgeted fixed overhead expenses $ 9,500 Actual hours 3,600 Budgeted hours 3,800 Standard hours allowed 3,500 Standard variable overhead rate per direct labor hour $ 2.25 Assuming that Arugula uses a three-variance analysis of overhead variances, what is the
efficiency variance? a. $500 unfavorable b. $475 unfavorable c. $975 unfavorable d. $175 unfavorable
Which of the following is a disadvantage of surveys (Table 4.3 in the text)?
A) interviewer errors; respondent errors B) data is lacking in terms of content, quantity, and quality C) data may not be representative; quality of data limited D) coverage may be incomplete; matching of data on the competitive activity may be difficult