According to behavioral finance, investors often select investment data that confirms a preconceived position

Which of the following is a true statement about process cost systems?

a. In process cost systems, costs are accumulated but not assigned. b. A process cost system has one work in process account for each process. c. In process cost systems, costs are summarized on job cost sheets. d. Unit costs are not computed in process cost systems.

A buyer purchases a new home with a low down payment and a long term of repayment. This would most likely cause:

a. an increase in financing cost b. a decrease in financing cost c. no effect on the financing cost d. an acceleration of the amortization of the loan