A profit is the right to use another's land without taking anything off the land
Indicate whether the statement is true or false
false
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The Norran Company needs 15,000 units of a certain part to use in its production cycle. If Norran buys the part from Waterloo Company instead of making it, Norran could not use the released facilities in another activity; thus, all of the fixed overhead applied will continue regardless of what decision is made. Accounting records provide the following data: Cost to Norran to make the part: Direct
materials, $3 Direct labor, $12 Variable overhead, $13 Fixed overhead applied, $8 Cost to buy the part from the Waterloo Company, $27 What should Norran's decision be, and what is the total cost savings that would result? a. Buy, $90,000 b. Buy, $15,000 c. Make, $90,000 d. Make, $15,000
A(n) ________ is a document for a person's detainment that is based on a showing of probable cause that the person committed a crime
A) no-knock warrant B) possessory warrant C) execution warrant D) arrest warrant
Which is correct?
a. He at his desk in his office. b. He is at his desk in his office.
Jan promises Eli $4,000 for one of his original paintings on the condition that she receives $1 million from her mother's will. Jan's promise:
a. is illusory. b. is legally sufficient unless Jan knows she cannot inherit the $1 million. c. is a conditional promise, which is not sufficient to form consideration. d. is legally inadequate, and the courts will therefore not enforce it.