Expenses that are easily traced and assigned to a specific department because they are incurred for the sole benefit of that department are called:
A. Uncontrollable expenses.
B. Indirect expenses.
C. Controllable expenses.
D. Direct expenses.
E. Fixed expenses.
Answer: D
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Ben entered into a contract with Clooney Construction Inc. under which Clooney agreed to do $40,000 worth of remodeling of his home. Clooney agreed that the contract price could be paid in installments, and that to secure these payments, Clooney would take out a second mortgage on Ben's home. The day after signing the contract, Ben had second thoughts and immediately hand-delivered a written notice to Clooney stating that he wanted to rescind the contract. Which of the following statements is true of this case?
A. Ben can rescind the contract under the seller's right to cancel the right provided by the Truth in Lending Act as their house was not used as collateral. B. Ben cannot rescind the contract because the transaction involved more than $25,000 and was, therefore, not covered by the rescission right in the Truth in Lending Act. C. Ben cannot rescind because the rescission right in the Truth in Lending Act does not apply to transactions in which the creditor takes a mortgage to secure the loan. D. Ben can rescind the contract under the rescission right of the Truth in Lending Act.
When interest payments on an investment exceed the earnings from the investment, negative financial leverage has occurred
Indicate whether the statement is true or false
Each of the fifty states has a general incorporation statute that stipulates the articles of incorporation to be used in that state
Indicate whether the statement is true or false
A failure of the Federal Bureau of Investigation to comply with a request under the Freedom of Information Act (FOIA) may be challenged in? A) a federal district court
B) a hearing before the U.S. Freedom of Information Agency. C) a meeting with Congress's FOIA subcommittee. D) a special conference with the president of the United States.