An unlicensed contractor who performs services is entitled to payment for his services if the
licensing statute in question is to raise revenue and requires no special knowledge or skill.
Indicate whether the statement is true or false
TRUE
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Firms that wish to improve control over cash disbursements use a voucher system
Indicate whether the statement is true or false
Strategic business units (SBUs) are individual units representing different areas of business within a firm that have their own missions, business objectives, resources, managers, and competitors
Indicate whether the statement is true or false
Summerlin Law Offices applies overhead to clients based on direct labor hours. The office manager determined that overhead will be applied at a rate of $25 per direct labor hour. The static budget for the month of November showed an estimated 2,500 direct labor hours would be incurred. During November, 2,800 direct labor hours were actually incurred and actual overhead costs were $58,800. What
should be the total overhead cost according to the firm's flexible budget for November? A) $70,000 B) $58,800 C) $62,500 D) $52,500
Mitigation of damages is intended to ensure that the damages awarded are not
a. illegal. b. inadequate. c. nominal. d. excessive.