In activity-based costing, the cost driver rate is computed by dividing the total cost per activity by the estimated number of units produced.
Answer the following statement true (T) or false (F)
False
The cost driver rate is computed by dividing the total cost per activity by the cost driver volume.
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Assume you are an American exporter and expect to receive 50 pounds sterling at the end of 60 days. You can remove the risk of loss due to a devaluation of the pound sterling by
a. selling sterling in the forward market for 60-day delivery. b. buying sterling now and selling it at the end of 60 days. c. selling the dollar equivalent in the forward market for 60-day delivery. d. keeping the sterling in Britain after it is delivered to you.
Describe a situation in which discrimination is done subtly, so that many may not notice it.
What will be an ideal response?
Sam expressed an interest in buying a painting from Jasper, who claimed that the painting was a family heirloom. Jasper's asking price was $15,000, but Sam was only willing to offer $13,000
Jasper told him that it was a very old painting worth a fortune and that others would gladly pay $20,000 for it. He also told him that he was only selling it under its market value because he needed the money immediately. He then implied that Sam could sell it for a higher rate if he wanted. In legal terms, Jasper's words to Sam would be considered as ________. A) an express warranty B) an implied warranty of merchantability C) a statement of opinion D) an oral contract
_____ are words that look or sound alike but have different meanings
Fill in the blank(s) with correct word