Section 1: Match the following term with its correct answer Financial literacy
Opportunity cost
Postsecondary school
I
Free
Application for Federal Student Aid (FAFSA)
Financial aid package
Compensation package
Take-home pay
FICA deductions
Budget
Credit union
A. All of the aid offered to you by a school
B. A nonprofit financial institution with specific membership requirements
C. Social Security and Medicare
D. Used to determine eligibility for grants and loans
E. Any formal education after high school
F. The knowledge to effectively manage your finances
G. Health insurance, life insurance, retirement contributions, vacations/paid time off
H. What is given up in order to make a particular choice
1 Gross income minus deductions
J. Planning how much of your monthly income will be spent on necessities

Problem 2-18 job-order costing for a service company [lo2-1, lo2-2, lo2-3]speedy auto repairs uses a job-order costing system. the company's direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics' hourly wages. speedy's overhead costs include various items, such as the shop manager's salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 10,000fixed overhead cost $ 90,000variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate.2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 600direct labor cost $ 180direct labor-hours used 2 compute mr. wilkes' total job cost. 3. if speedy establishes its selling prices using a markup percentage of 30% of its total job cost, then how much would it have charged mr. wilkes?

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided