Financial institutions provide home equity loans up to a maximum of 70% of the value of the equity in a home

Indicate whether the statement is true or false.

Answer: FALSE

Business

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Myoung Company, a manufacturer of small appliances, had the following activities, allocated costs, and allocation bases

Activities Allocated Costs Allocation Base Account inquiry (hours) $61,000 2,400 hours Account billing (lines) $35,000 17,000 lines Account verification (accounts) $13,000 20,000 accounts Correspondence (letters) $11,000 1,000 letters The above activities are carried out at two of its regional offices. Activities Northeast Office Midwest Office Account inquiry (hours) 120 hours 250 hours Account billing (lines) 16,000 lines 9,000 lines Account verification (accounts) 1,500 accounts 600 accounts Correspondence (letters) 70 letters 150 letters What is the cost per hour for the account inquiry activity? (Round your answer to the nearest cent.) A) $0.65 B) $25.42 C) $11.00 D) $2.06

Business

Which population group is most likely to spread incorrect information?

A) Public affairs B) Trolls C) The misguided D) Unhappy customers E) Ragers

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