Which of the following costs are clssified as a period cost?
(a) wages paid to a factory custodian
(b) wages paid to a production dept supervisor
(c) wages paid to a cost acct'g dept supervisor
(d) wages paid to an assembly worker
Ans: (c) wages paid to a cost acct'g dept supervisor
Business
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The nominal interest rate of a loan is:
A. the maximum rate that may be charged by law B. the rate the borrower will actually pay, reflecting the total finance charge C. the amount of projected interest on an annualized rate D. the interest rate stated on the promissory note
Business
Either the principal or the agent may decide to terminate the principal-agent relationship. This is known as termination by ________
A) implication B) agreement C) operation of law D) operation of equity
Business