Which of the following duties is owed by the parties in a mutual benefit bailment?
A) duty of great care
B) duty of slight care
C) duty of ordinary care
D) duty of utmost care
C
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A(n) ________ is a temporary decrease in owner's equity caused by the owner taking cash or assets out of the business
a. revenue b. expense c. investment d. withdrawal
A company uses the following standard costs to produce a single unit of output. Direct materials6 pounds at $0.90 per pound=$5.40 Direct labor0.5 hour at $12.00 per hour=$6.00 Manufacturing overhead0.5 hour at $4.80 per hour=$2.40 During the latest month, the company purchased and used 58,000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $56,350 based on 4,900 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $10,400. Based on this information, the direct materials quantity variance for the month was:
A. $1,800 favorable B. $1,800 unfavorable C. $1,000 favorable D. $5,800 unfavorable E. $5,800 favorable
Virtues need to be embedded into our self-concepts and behavior to develop a ______.
A. moral landscape B. moral identity C. moral outlook D. moral framework
Which of the following statements about U.S. Agency bonds are true?
I. They are backed by the "full faith and credit" of the U.S. government. II. Their risk is almost as low as government notes and bonds. III. Their yields are slightly higher than those of government securities. IV. They are exempt from state and federal taxes. A) I, II and IV only B) I, III and IV only C) II and III only D) I and IV only