Mark (age 16) appoints Joe (age 21) as his agent to purchase a digital camcorder from Electronic World. The transaction is:
a. void because Mark is a minor.
b. voidable by Electronic World because Mark is a minor.
c. voidable by Mark because he is a minor.
d. not voidable because Joe is not a minor.
c
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If the shipper owns its own truck or air fleet, it becomes a ________ carrier
A) containerized B) private C) contract D) common E) diversified
FINOVA eventually declared bankruptcy
Indicate whether the statement is true or false
Total equity on the balance sheet increases as the amount of dividends paid increases
Indicate whether the statement is true or false
Lucas Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 900 Materials costs$9,600 Conversion costs$7,700 Percent complete with respect to materials 60%Percent complete with respect to conversion 45%Units started into production during the month 8,100 Units transferred to the next department during the month 6,900 Materials costs added during the month$115,800 Conversion costs added during the month$120,500 Ending work in process inventory: Units in ending work in process inventory 2,100 Percent complete with respect to materials 75%Percent complete with respect
to conversion 20% What are the equivalent units for materials for the month in the first processing department? A. 1,575 B. 8,475 C. 9,000 D. 6,900