Failure of a party to perform an obligation in a sales or lease contract is known as ________
A) revocation
B) breach
C) acceptance
D) replevin
B
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Midtown, Inc. uses a predetermined overhead allocation rate of $67 per direct labor hour. In January, the company completed Job A23 which utilized 18 direct labor hours. Which of the following correctly describes the journal entry to allocate overhead to the job?
) debit Finished Goods Inventory $1206 and credit Manufacturing Overhead $1206 B) debit Manufacturing Overhead $67 and credit Work-in-Process Inventory $67 C) debit Work-in-Process Inventory $1206 and credit Manufacturing Overhead $1206 D) debit Cost of Goods Sold $67 and credit Finished Goods Inventory $67
Advertising "puffery" is a term for a(n)________
A) straightforward promotional message B) claim of superiority that cannot be proven or disproven C) emotional appeal to customers D) subliminal appeal to customers E) value-added promotion
Answer the following statements true (T) or false (F)
1. The transition of the United States from an agrarian, rural society with self-employed farmers, shopkeepers, blacksmiths, and shoemakers to one where most workers sell their labor for a wage or a salary was largely a smooth and relatively painless process. 2. The first national unions in the U.S. began to develop during the early 1900's. 3. The first unions in the U.S. were focused at the local level, representing a single craft or trade. 4. The National Labor Union was one large union that directly represented workers from many trades, crafts, and industries. 5. The Great Uprising of 1877 was successful in improving labor relations between workers and winning wage increases and reductions in hours of work.
________ is the process of sending returned products back up the supply chain for value recovery or disposal
Fill in the blanks with correct word