Which of the following is a disadvantage of credit cards?
A) Allows for consumption before the purchase is fully paid for
B) Emergency use
C) Allows for online shopping
D) The finance charge that accrues on the account if not paid off in full each month
Answer: D
You might also like to view...
Which of the following is TRUE of the assets of a partnership?
A) The partner who is more actively involved in the daily business affairs is considered to be the sole owner of the partnership's assets. B) Any new assets purchased by the partnership are jointly owned by each partner. C) When a partner contributes a particular asset to the firm, he is considered to be the sole owner of the asset. D) In the case of the liquidation of a partnership, the partners must be paid based on the profit sharing ratio of the partnership.
In Vermont Yankee Nuclear Power Corp. v. Natural Resources Defense Council, the
court determined that: a. courts may require agencies to expand APA notice-comment procedures to permit oral comment b. courts may require agencies to expand APA notice-comment procedures to require trial-type hearings c. courts may require agencies to expand APA notice-comment procedures to permit oral comment and to require trial-type hearings d. courts may not impose variations on the APA notice-comment requirements
Vasilopoulos Corporation has two production departments, Casting and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Assembly Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:??CastingAssembly?Machine-hours17,00011,000?Direct labor-hours3,0006,000?Total fixed manufacturing overhead cost$119,000$51,000?Variable manufacturing overhead per machine-hour$2.10??Variable manufacturing overhead per direct labor-hour?$3.10During the current month the company started and finished Job A182. The following data
were recorded for this job:?Job A182:CastingAssembly?Machine-hours5020?Direct labor-hours1050?Direct materials$895$365?Direct labor cost$240$1,200Required:a. Calculate the estimated total manufacturing overhead for the Casting Department.b. Calculate the estimated total manufacturing overhead for the Assembly Department.c. Calculate the predetermined overhead rate for the Casting Department.d. Calculate the predetermined overhead rate for the Assembly Department.e. Calculate the total amount of overhead applied to Job A182 in both departments.f. Calculate the total job cost for Job A182.g. Calculate the selling price for Job A182 if the company marks up its unit product costs by 20% to determine selling prices. What will be an ideal response?
The nonissuer exemption permits local businesses to raise capital from local investors to be used in the local economy without the need to register with the SEC.
Answer the following statement true (T) or false (F)