The easiest and least expensive way to prevent threats to system integrity is to install anti-virus software.
Answer the following statement true (T) or false (F)
True
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Calculate the budgeted purchases for the month of January.
Tuscarora, Inc., a merchandising company, has the following budgeted figures:
A) $23,800
B) $50,850
C) $23,850
D) $3250
Aviatrix Avionics makes three types of radios for small aircraft—Model A, Model B, and Model C. The manufacturing operations are mechanized, and there is no direct labor. Manufacturing overhead costs are significant, and Aviatrix has adopted an activity-based costing system. Direct materials costs per unit for each model are as follows:
Model A $28
Model B $30
Model C $38
Aviatrix has three activities—assembly, materials management, and testing. The cost driver for assembly is machine hours. The cost driver for materials management is the number of parts, and the cost driver for testing is the number of units of product. Total costs and production volumes for the year were estimated as follows:
The Model A radio requires 12 parts to construct and 18 machine hours of processing. What is the manufacturing cost to make one unit of Model A? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
A) $167
B) $55
C) $145
D) $173
Possible negative amortization resulting from a rise in the interest rate on a adjustable rate mortgage may be avoided by
A) raising the rate cap. B) lowering the payment cap. C) shortening the term of the mortgage. D) increasing the monthly payment.
Which one of the following is not a reason for the regulation of insurance?
A) To prevent insurer insolvencies B) To promote social goals C) The unequal knowledge and bargaining power of the parties to the contract D) To stabilize the economy