The one who is to receive the specified amount of money in a note is called the
a. maker of the note; b. payee of the note; c. discounter of the note; d. endorser of the note; e. cosigner of the note
B
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Scott, a State Bank employee, deposits into his account checks that are given to him by bank customers to deposit into their accounts. This is
a. embezzlement. b. larceny. c. money laundering. d. no crime.
In an alternative dispute resolution method, the stage during which the two people involved in the conflict attempt to arrive at a settlement without any third parties involved is known as
A. open-door policy. B. arbitration. C. legal support. D. peer review. E. mediation.
Flawless Cosmetic Company manufactures and distributes several different products. The company currently uses a plantwide allocation method for allocating overhead at a rate of $7 per direct labor hour. Loren is the department manager of the Makeup Department that produces Products - Concealer (C) and Glow Cream (GC). Jennifer is the department manager of the Hair Care Department that manufactures Product - Shampoo (S). The product costs (per case of 24 bottles) and other information are as follows: Products CGCSDirect materials$100.00 $72.00 $48.00 Direct labor 42.00 31.50 12.00 Overhead 28.00 21.00 14.00 $170.00 $124.50 $74.00 Machine hours 4 2 3 Number of cases (per year) 300 500 600 If Flawless changes its allocation basis to machine hours,
what is the total product cost per case for Product GC? A. $117.15 B. $138.15 C. $144.00 D. $163.50
Which internal control principle prescribes the use of pre-numbered printed checks?
A) Technological controls. B) Maintain adequate records. C) Perform regular and independent reviews. D) Establish responsibilities. E) Divide responsibility for related transactions.