In Ziva Jewelry v. Car Wash Headquarters, when a jewelry salesman left his car at a carwash, it was stolen with over $850,000 of jewelry hidden inside. When the jeweler sued the carwash, what was the result?
A. The carwash was not liable because it could not have expected it was taking responsibility for over $850,000 worth of jewelry when it accepted the salesman's vehicle.
B. The carwash was liable for the stolen jewelry because a bailment was formed.
C. The carwash was not liable for the stolen jewelry because there was no bailment formed.
D. The carwash was liable because it took responsibility for the jewelry when it accepted the vehicle for service.
Answer: A
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Kalp Corporation has two production departments, Machining and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: MachiningFinishingMachine-hours 19,000 12,000Direct labor-hours 2,000 8,000Total fixed manufacturing overhead cost$136,800$69,600Variable manufacturing overhead per machine-hour$1.80 Variable manufacturing overhead per direct labor-hour $3.20 During the current month the company started and finished Job K928. The following data were
recorded for this job: Job K928:MachiningFinishingMachine-hours 90 10Direct labor-hours 30 50Direct materials$775$415Direct labor cost$630$1,050The total amount of overhead applied in both departments to Job K928 is closest to: A. $2,000 B. $1,405 C. $810 D. $595
The production report contains information about the number of physical units and equivalent units, but not their costs.
Answer the following statement true (T) or false (F)
A group of social network users that share an attachment to a specific product is called a(n) ________.
A. brand community B. avatar C. virtual world D. groundswell E. Internet of Things
Why is it important to "bite your tongue" at certain times during a sales presentation?
What will be an ideal response?