The one who receives payment from a negotiable instrument is called:
a. the negotiator b. the checker
c. the drawer d. the drawee
e. none of the other choices
e
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Which of the following terms best describes web-based applications designed to promote interactions among people?
A) Cookie B) Social media C) Filter D) Firewall E) Router
Stage 2 in the location decision is to select the ______.
A. country B. city C. site D. region
Vanliere Corporation has two production departments, Machining and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Finishing 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: MachiningFinishingMachine-hours 19,000 11,000Direct labor-hours 3,000 6,000Total fixed manufacturing overhead cost$138,700$52,800Variable manufacturing overhead per machine-hour$1.90 Variable manufacturing overhead per direct labor-hour $3.80 During the current month the company started and finished Job A803. The following data
were recorded for this job: Job A803:MachiningFinishingMachine-hours 90 20Direct labor-hours 20 60The predetermined overhead rate for the Finishing Department is closest to: A. $12.60 per direct labor-hour B. $8.80 per direct labor-hour C. $3.98 per direct labor-hour D. $3.80 per direct labor-hour
Cardinal Inc purchased an asset costing $25,000. Annual operating cash inflows generated from the asset are expected to be $6,595 each year for five years. No salvage value is expected at the end of the asset's life. Using time value of money tables, which of the following rates is closest to the internal rate of return on the project?
A) 4% B) 26% C) 10% D) 32%