A promissory note and a security agreement
A)
must go together on any consumer loan.
B)
are actually the same thing one is used with a credit card while the other applies to a cash loan.
C)
are different the promissory note shows details of the loan while the security agreement gives the creditor an interest in the collateral supporting the loan.
D)
are part of the loan agreement the borrower gives a promissory note and in return receives a security.
C
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A business's return on sales is ________
A) sales divided by net marketing contribution B) net marketing contribution multiplied by sales C) net marketing contribution divided by sales D) net profit multiplied by sales E) net profit divided by sales multiplied by 100%
Which one of the following is not an audit procedure used when testing restructuring charges?
a. Review current and proposed financial accounting standards to determine if changes have occurred in accounting for restructuring. b. Evaluate the qualifications of management. c. Mathematically test the estimates. d. Review and independently test the estimates by reviewing (a) contracts, (b) appraisals for property or estimates from investment bankers, and (c) severance contracts.
Based on the following cost data, what conclusions can you make about the costs of Product A and Product B? Total CostProduction:Product AProduct B10 units$100 ? 100 units$1,000 ? 1,000 units$10,000 ? Unit CostProduction:Product AProduct B10 units ? $10,000 100 units ? $1,000 1,000 units ? $100
A. The costs of Product A and Product B are both variable costs. B. The cost of Product A is a variable cost and the cost of Product B is a fixed cost. C. The costs of Product A and Product B are both mixed costs. D. The cost of Product A is a fixed cost and the cost of Product B is a variable cost.
Figure 6-1The question mark in Figure 6-1 above which results from the imposition of tariffs and quotas is referred to as
A. protectionism. B. import taxation. C. blocked competition. D. domestic imperialism. E. trade restriction.