The doctrine used by common law courts to refuse jurisdiction is called forum non conveniens
Indicate whether the statement is true or false
True
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Explain the Leontief Paradox.
What will be an ideal response?
Super Fast Insurance uses budgets to forecast and monitor overhead throughout the organization. The following budget formula relates to the processing of applications for automobile policies in any given month: Total overhead = $6.80APH + $13,500where APH = application processing hoursThe typical automobile insurance policy has an estimated processing time of 1.5 hours.During June, management originally anticipated that 320 applications would be processed. Activity was lower than expected, with only 280 applications completed by month-end, and the following costs were incurred: variable overhead, $2,950; fixed overhead, $13,700.Required: A. What volume level of applications and processing hours would have been used if Super Fast had constructed a static budget?B. Construct a flexible
budget that shows the expected monthly variable and fixed overhead costs of processing 270, 300, and 330 applications.C. From a cost perspective, did the company perform better or worse than anticipated in June? Show calculations to support your answer. What will be an ideal response?
Explain how rivalry among competitors affects businesses
What will be an ideal response?
The account Obligations - Undelivered Orders is credited when goods and services are received.
Answer the following statement true (T) or false (F)