CFP stands for:

A) Chartered Financial Planner
B) Certified Financial Planner
C) Casualty Finance Professional
D) Claims and Financial Planner


B

Business

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On December 1 . 2014, Boron Inc signed an operating lease for a warehouse for ten years at $15,000 per year. Upon execution of the lease, Boron paid $30,000 covering rent for the first two years. How much should be shown in Boron's income statement for the year ended December 31 . 2014, as rent expense?

a. $0 b. $1,250 c. $15,000 d. $30,000

Business

Flagstaff Company has budgeted production units of 7,900 for July and 8,100 for August. The direct labor requirement per unit is 0.50 hours. Labor is paid at the rate of $21 per hour. The total cost of direct labor budgeted for the month of August is:

A. $4,050. B. $85,050. C. $3,950. D. $168,000. E. $82,950.

Business

_____________________ are one of the components of the arithmetic-logic unit of the computer

A. Processors B. Accumulators C. Storage gates D. Hard drives

Business

To include the personal assets and transactions of a business's stockholders in the records and reports of the business would be in conflict with the:

A) Objectivity principle. B) Monetary unit assumption. C) Business entity assumption. D) Going-concern assumption. E) Revenue recognition principle.

Business