A factor in the development of credit scores is

a. amounts owed.
b. types of credit you use.
c. payment history.
d. All of these.


d

Business

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An audit of the Flagler Company, a diamond mining company, brings to light the fact that its equipment has been marked up to the owners' expectation of market values. Such a situation will most likely result in which type of report?

a. Disclaimer. b. Review. c. Adverse. d. Unqualified with explanatory language.

Business

Incoterms are trade terms published by the International Chamber of Commerce

Indicate whether the statement is true or false

Business

Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During March, the kennel budgeted for 2,000 tenant-days, but its actual level of activity was 2,040 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March:Data used in budgeting: Fixed element per month Variable element per tenant-dayRevenue   $35.40Wages and salaries$3,000 $6.60Food and supplies 400  12.20Facility expenses 9,600  2.30Administrative expenses 7,800  0.20Total expenses$20,800 $21.30?Actual results for March:  Revenue$69,576 Wages and salaries$16,204 Food and supplies$25,008 Facility expenses$14,122 Administrative expenses$8,238 ?The

overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for March would be closest to: A. $1,960 F B. $1,396 U C. $1,396 F D. $1,960 U

Business

A disadvantage of the concentrated targeting strategy is that

A. the firm's financial condition is tied to a single and specialized marketing mix. B. large sales volumes cannot be generated. C. production costs may be higher than with other strategies. D. marketing personnel may become dissatisfied with the limited opportunities provided by this approach. E. marketing costs are often higher than for other strategies.

Business