Which of the following statements is true about the structure of the court system in the United States?

A) The U.S. Supreme Court functions only as an appellate court.
B) The state court of last resort is the only appellate court in the state court system.
C) Intermediate courts of appeal hear appeals only from courts of general jurisdictions.
D) County courts hear cases falling under general jurisdiction.


D

Business

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Explain why the lower of cost or market rule is used to value inventory.

What will be an ideal response?

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Sweet Dreams manufactures candy. Its records revealed the following data: Number of units produced 4,000 Standard direct labor hours per unit 2 Standard variable overhead rate $2.50 per hour Standard fixed overhead rate $5.00 per hour Budgeted fixed overhead costs $40,800 Actual variable overhead costs $16,800 Actual fixed overhead costs $40,400 Actual labor hours 8,000 direct labor hours Total

actual overhead $57,200 The total fixed overhead variance is a. $800 (F). b. $800 (U). c. $400 (U). d. $400 (F).

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No standard rule identifies the best basis of allocating expenses across departments.

Answer the following statement true (T) or false (F)

Business

Liens are the consideration paid for an insurance policy

Indicate whether the statement is true or false

Business