Answer:
Explanation:
The following statement is false and true
1. Indirect costs are traced to cost objects - This statement is false because it is not directly traced to the cost objectives. It is traced through the cost drivers.
2. Yes, this statement is true because the cost drivers are used to allocate the indirect cost to their cost objects
3. Yes, this statement is true because for computing the allocation rate, we have to divide the total allocation cost to its allocation base
4. Yes, this statement is true because the cost drivers play very important for cost allocation. Without cost drivers, the allocation of the cost would not be possible
5. This statement is false because depreciation should be allocated based on its useful life rather than the number of square feet because the number of square feet occupied is used to allocate the renting cost
Revolving credit is open.
<span>Most credit cards are unsecured.
The answer should be OPEN AND UNSECURED
</span>
<span>A person using an unsecured credit card is not spending his own money right away whenever he uses the credit card. Instead, he is borrowing money from his/her bank; more like he/she takes out a loan whenever the card is used, which he is expected to pay back so as to maintain a trustworthy credit history.</span>
Answer:
6.92%
Explanation:
The computation of the annually compounded rate of interest is presented below:
Future value = Invested amount × (1 + rate)^number of years
where,
Invested amount = $1,800
Rate = ?
Number of years = 1 year
The future value = $1,924.62
So, the rate is
$1,924.62 = $1,800 × (1 + rate)^1
After solving this, the rate is 6.92%
Answer:
Option D is the correct option
Explanation:
The bargaining power of the supplier is only high when the products of other supplier are not highly differentiated, presence of fewer suppliers of the product, fewer substitutes are possible and the costs of the existing supplier are high (Rivalry would be low). All this constitutes to competitve advantage to a firm if its product possesses differentiation, its products can be substituted, possesses greater control over costs, etc. So the only option that matches this criteria is option D.
