Frank purchased a building in a run-down area of a city
When Frank was unable to obtain property insurance in the voluntary insurance market, an agent suggested that he contact a state pool created in the 1960s that makes property insurance available in riot-prone areas. The state pool the agent referred to is called a(n)
A) unsatisfied judgment fund.
B) FAIR plan.
C) guaranty fund plan.
D) assigned risk plan.
Answer: B
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The World Bank
A. finances worldwide mergers. B. provides low-interest loans for improvements in developing nations. C. provides banking operations for multinational organizations. D. provides loans to communist nations. E. monitors banks and credit unions globally.
Heredity may account for as much as 75% of all obesity.
Answer the following statement(s) true (T) or false (F)
Answer the following statements true (T) or false (F)
1.Voluntary export restraint agreements typically apply to all of the world's exporting nations rather than only the most important exporting nations. 2.For an export quota applied to manufactured goods, foreign exporters tend to capture only a negligible share of the quota's revenue effect. 3.When increases in nonrestraint supply offset part of the cutback in shipments that occur under an export quota, the overall inefficiency loss for the importing country is less than that which would have occurred in the absence of nonrestrained exports. 4.Export quotas, placed on Japanese auto shipments to the United States in the 1980s, led to rising prices of both Japanese autos and U.S.-produced autos purchased by the U.S. consumer. 5.During the 1980s, U.S. steel-using companies (Caterpillar) actively supported the U.S. government's negotiation of voluntary export agreements with foreign steel-exporting countries.
Wanger, Inc., manufactures and sells two products: Product G1 and Product F2. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-HoursProduct G1800 9.0 7,200 Product F2800 11.0 8,800 Total direct labor-hours 16,000 The direct labor rate is $15.30 per DLH. The direct materials cost per unit for each product is given below: Direct Materials Cost per UnitProduct G1$100.50 Product F2$292.00 The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:Activity Cost PoolsActivity MeasuresEstimated Overhead
CostExpected Activity???Product G1Product F2TotalLabor-relatedDLHs$732,480 7,2008,80016,000Machine setupssetups 53,809 400300700Order sizeMHs 600,525 3,8003,7007,500 $1,386,814 The overhead applied to each unit of Product G1 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.) A. $866.76 per unit B. $780.12 per unit C. $380.33 per unit D. $830.79 per unit