A ________ defense is a type of defense that can be raised against both holders and HDCs
A) universal
B) personal
C) fraud in the inducement
D) breach of contract
A
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If the National Advertising Division (NAD) finds an advertisement has not been properly substantiated, the NAD normally will:
A) issue a consent order B) issue a cease and desist order C) refer the case to the FTC for regulatory action D) ask the advertiser to modify the ad or discontinue using the ad
Assuming that the current ratio was 1.6 times and the quick ratio was 1.4 times before this transaction, the entry to record the payment of a previously declared and recorded cash dividend will
a. increase the current ratio and the quick ratio. b. decrease the current ratio and the quick ratio. c. increase the current ratio but have no effect on the quick ratio. d. have no effect on the current ratio or the quick ratio.
Which of the following characteristics should most apply to the process of raising moral awareness in a company?
a. never-ending b. dependent on workflow c. scheduled, preferably yearly d. brief
Fluegge Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateDirect materials 5.7liters$5.40per literDirect labor 0.70hours$20.60per hourVariable manufacturing overhead 0.70hours$5.50per hour?The company has reported the following actual results for the product for December: Actual output 4,100unitsRaw materials purchased 25,100litersActual price of raw materials$4.80per literActual cost of raw materials purchased$120,480 Raw materials used in production 23,360litersActual direct labor-hours 2,700hoursActual direct labor rate$21.20per hourActual direct labor
cost$57,240 Actual variable overhead rate$5.90per hourActual variable overhead cost$15,930 ?The variable overhead efficiency variance for the month is closest to: A. $935 F B. $1,003 U C. $1,003 F D. $935 U