An undisclosed principal is not liable to a third party for a contract made by an agent.
Answer the following statement true (T) or false (F)
False
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Based on the information concerning Record Corp what is the market value of the company's shareholders' equity at the acquisition date?
a. $0 b. $908,000 c. $1,200,000 d. $1,458,000
On November 1, 2018, Worldwide, Inc. declared a dividend of $3.00 per share. Worldwide, Inc. has 20,000 shares of common stock outstanding and no preferred stock. Prepare the journal entry to record this transaction. Omit explanation.
What will be an ideal response?
Meow Products Ltd. Meow Products Ltd. produces and sells scratching posts for cats. In the current year, the company had expected to sell 12,000 posts but actually produced and sold 10,000 posts. The following information is available regarding the standard cost to produce a single post: Direct materials: 3 feet @ 1.75 per foot Direct labor: 15 minutes @ $.30 per minute In the current year,
38,000 feet of material were purchased out of which 35,000 feet were used at a cost of $1.55 per foot, and 160,000 direct labor minutes were incurred at a cost of $.32 per minute. Refer to the Meow Products Ltd. information above. The company's direct labor efficiency variance for the current year is: A) $ 3,000 U. B) $ 3,000 F. C) $12,000 U. D) $12,000 F.
Which of the following statements is most accurate?
A) Proposals are persuasive documents used to solve problems, provide services, or sell products. B) Proposals are always solicited. C) Proposals are informative documents used to share problems, identify emerging issues, and categorize available resources for resolution. D) Proposals are developed for external audiences only.