In Yim v. J's Fashion Accessories, Inc, where J's Fashion sued Yim for failing to pay for goods he bought under the name Ho Tae and Yim denied liability on the grounds that he had been acting as an agent for Hosung Enterprise, Inc which also did business under the name Ho Tae, the courts held that:
a. Yim was not liable because he was an agent of Hosung Enterprise, Inc.
b. Yim was not liable, even though he was an agent of Hosung Enterprise, Inc. c. Yim was liable because he disclosed Hosung Enterprise, Inc. as the principal d. Yim was not liable because he had apparent authority
e. none of the other choices are correct
e
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Danny wants to go to out to a club Friday night and James wants to stay on campus and hang out with friends. When trying to figure out where to go, James takes his time and tries to make a compromise with Danny. Which message design logic is James’s?
A. expressive B. conventional C. rhetorical D. persuasive
Heathcote Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year: Estimated total manufacturing overhead at the beginning of the year$546,000 Estimated direct labor-hours at the beginning of the year 42,000direct labor-hours Results of operations: Actual direct labor-hours 47,000direct labor-hoursManufacturing overhead: Indirect labor cost$152,000 Other manufacturing overhead costs incurred$454,000 Cost of goods manufactured$1,569,000 Cost of goods sold (unadjusted)$1,458,000 Manufacturing overhead is overapplied or underapplied by:
A. $5,000 Underapplied B. $5,000 Overapplied C. $186,000 Underapplied D. $186,000 Overapplied
A cashier's check is an instrument in which a bank draws a check on itself.
Answer the following statement true (T) or false (F)
Swamp Corporation, a calendar-year taxpayer, has been an S corporation for several years. However, the corporation has become quite profitable, and management feels that it would be advantageous to make a public stock offering. What are Swamp Corporation's options concerning the date of revocation of the S election?
What will be an ideal response?