Without authority, Moss falsely represented himself as Buck's agent and contracted to buy goods from Early. Buck refused to accept them. Could Early hold Buck liable?
No. A person who pretends to be an agent is personally liable on any contracts made. Early could hold Buck liable only if Buck ratified Moss's action.
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The journal entry for adjustment of overallocated manufacturing overhead includes a ________.
A) credit to Finished Goods Inventory B) credit to Manufacturing Overhead C) debit to Work-in-Process Inventory D) credit to Cost of Goods Sold
How many times will you find more than twenty-one customers either buying a soda or waiting in line to make that purchase?
A) one in four B) one in five C) one in six D) one in seven
Based strictly on the payback method, which project is preferred?
A) Project A because the payback for A of 1.92 years is less than the payback for B of 2.23 years. B) Project A because the payback for A of 2.23 years is greater than the payback for B of 1.92 years. C) Project B because the payback for B of 2.23 years is greater than the payback for A of 1.92 years. D) Project B because the sum of the total cash inflows less the outflows = $20,000 for B but only $14,000 for A.
When Eurasia restaurant, serving Eurasian cuisine, first opened along Chicago's Michigan Avenue, its novelty brought many diners. However, it turned off the important business lunch crowd, and sales went into decline. Before conducting any marketing research to explain the declining sales management needs to:
A. determine who will be most likely to respond to a survey B. select a market sample from everyone in the population C. define the problem to be researched D. develop a survey to find out exactly what's wrong E. enumerate the decision factors