Credit cards are usually based on a(n) ____ account system.

A. installment
B. open charge
C. revolving
D. a selective


Answer: C

Business

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Which method of measuring costs associated with production is more widely used in practice?

A) Normal Costing B) Actual Costing C) Both are used equally. D) Neither one is used. E) cannot be determined

Business

C & K Inc purchased a delivery van costing $65,000. Annual operating cash inflows are expected to be $18,000 each year for six years. At the end of the asset's life, the salvage value is expected to be $5,000. Assuming C & K's cost of capital is 15 percent, what is the asset's net present value? (ignore income taxes)

A) $3,121 B) $22,044 C) $5,283 D) $959

Business

Indicate whether each of the following statements is true or false.A company's variable overhead cost represents such inputs as rent and depreciation. ______The variable overhead cost pool is normally assigned to products using many different allocation rates. ______Variable overhead and fixed overhead variances are calculated using the same basic formulas. ______Many companies choose not to calculate price and usage variances for variable overhead costs. ______

What will be an ideal response?

Business

All of the methods used to measure Internet activity and effectiveness are accurate.

Answer the following statement true (T) or false (F)

Business