Mike Morgan has a $83,098.59 loan. He paid $1,000 in fees and $4,900 in total interest the first year. If the APR is the finance charge (interest plus fees) for one year : amount financed, what was the APR for that year?

Diaz Company owns a machine that cost $125,500 and has accumulated depreciation of $91,800. Prepare the entry to record the disposal of the machine on January 1 in each seperate situation.

Which party should request a letter regarding litigation, claims, and assessments from the client's attorney A. Attorney. B. Auditors. C. Client. D. Securities and Exchange Commission or other regulatory body.

Which of the following is a positive economic statement? a. If the price of butter increases, the quantity purchased by consumers will decline. b. Butter tastes better than margarine. c. Americans should eat more butter. d.

Just-in-time inventory systems a. have components arrive at a manufacturing plant just in time to enter the production process. b. always keep extra inventory on hand for emergencies. c. are implemented primarily by the manufacturing function. d.

Which of the following is true about offshoring?

Which of the following statements is FALSE? A. The effective annual rate indicates the amount of interest that will be earned at the end of the year. B. The annual percentage rate indicates the amount of simple interest earned in one year. C.

Match the business with the appropriate cost system (s) for that business using the number of the cost system where 1 = job order costing, 2 = process costing, and 3 = activity-based costing. a. Ketcher, Tryer, and Friar, attorneys-at-law b.

Solemon Company has total fixed cost of $15,000, variable cost per unit of $6, and a price of $8. If Solemon wants to earn a targeted profit of $3,600, how many units must be sold?

Using the following information, what is the amount of net income? Purchases $ 33,189 Selling expenses $ 758 Merchandise inventory, September 1 7,436 Merchandise inventory, September 30 8,978 Administrative expenses 760 Sales 51,684 Rent revenue 832

You are managing a project and need to cut the cost of the project. You decide to transfer workers to another job to cut the project's costs. Costs associated with transferring the workers are an example of project indirect costs. O True O False