The Community Reinvestment Act contributed to the growth of the subprime lending market
Indicate whether the statement is true or false
True
You might also like to view...
Golden Marine Stores Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Golden uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows:
Direct materials: 2 pounds per unit; $3 per pound Labor: 4 hours per unit; $20 per hour During the first quarter, Golden produced 5000 units of this product. At the end of the quarter, an examination of the direct materials records showed that the company used 9500 pounds of direct materials and the direct materials cost variance was $3750 U. Which of the following is a logical explanation for this variance? A) The company used more labor hours than allowed by the standards. B) The company paid a higher cost per hour for labor than allowed by the standards. C) The company used a greater quantity of direct materials than allowed by the standards. D) The company paid a higher cost for the direct materials than allowed by the standards.
Which of the following is not listed in the text as one of the three general sources of organizational conflict?
A. substantive conflict B. affective conflict C. interpersonal conflict D. process conflict
Knowing one's best alternative to a negotiated agreement (BATNA) is designed to help a person
A) prevent the opposing side from gaining any advantage. B) block a win-win solution. C) choose creative alternative solutions. D) prevent accepting unfavorable terms.
Applied Foods Corp. had cash sales of $598,000 during the month of August. Sales taxes of 6.5% were collected on the sales. Prepare the journal entry to record the sales revenue and sales tax for the month
What will be an ideal response