The Uniform Commercial Code would be applied in which of the following situations?
A) A contract for landscape services
B) A contract for sale of patent rights
C) A contract for the purchase of farmland
D) A contract to buy living room furniture
D
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The state of Illinois has passed a law requiring that every automobile be inspected at least once a year for pollution control. Anfang Enterprises is considering entering into this type of business. After extensive studies, Joseph Anfang has developed the following set of projected annual data on which to make his decision: Direct service labor $363,000.00 Variable service overhead costs
270,000.00 Fixed service overhead costs 280,000.00 Marketing expenses 120,000.00 General and administrative expenses 170,000.00 Minimum profit 90,000.00 Cost of assets employed 500,000.00 Anfang believes that his company will inspect 100,000 automobiles per year. The company earns an average of 18.75 percent return on its assets. The projected cost for inspecting each automobile would be a. $11.13. b. $12.03. c. $12.93. d. $10.03.
Consider the following budget information: materials to be used totals $69,750; direct labor totals $198,400; factory overhead totals $394,800; work in process inventory January 1, 2010, was expected to be $189,100; and work in progress inventory on December 31, 2010, is expected to be 197,600. What is the budgeted cost of goods manufactured?
A) $662,950 B) $671,450 C) $654,450 D) $1,049,650
The cost of personal liability coverage is unrelated to the year, make, or model of your car
Indicate whether the statement is true or false.C
About what percent of the work force is likely to have a Social Security insured disability before reaching age 65?
A) 20 - 25% B) 40 - 50% C) 60 - 70% D) 80 - 90%