Entry (4) in the T-account below represents raw materials requisitioned for use in production. Raw MaterialsBal.15,000(4)87,000(3)94,000 Bal.22,000
Answer the following statement true (T) or false (F)
True
You might also like to view...
Answer the following statements true (T) or false (F)
1.Tina has a child age 10 and the two of them live with Tina’s boyfriend, Erik. Both Tina and Erik contribute to the family’s welfare. This is an example of a single-parent family. 2.How one family member behaves affects how every other family member behaves, both in and out of the family setting. 3.Because family members are interdependent, they constitute a system. 4.The principle of summativity tells us that the whole is greater than the sum of its parts. 5.Because they are made up of people, and people change as they age, families are continually dealing with change.
The Heinrich v. Titus-Will Sales, Inc case stands for the principle that:
a. the UCC requires proper state licensing for a company claiming to be a merchant to actually have merchant status. b. a buyer in the ordinary course of business acquires good title when buying from a merchant seller who was entrusted with possession of the goods. c. risk of loss depends on who has title to the goods at the time the goods are damaged or destroyed. d. a void title is no title.
Carlos Naturals manufactures bulk quantities of cleaning fluids
The company currently sells 700 containers a month at a sales price of $22 per unit. The addition of a new disinfectant will result in a sales price of $25 per unit for the improved product. It would cost a total of $3,800 per month to make the alteration. Operating income would ________. A) decline by $15,400 B) increase by $3,800 C) increase by $1,700 D) decline by $1,700
Key of G Products, Inc, offers to sell to Harmony Company one hundred MP3 players at $50 a piece, subject to certain specific delivery dates. Harmony replies with a signed purchase order that reads, "Accept your of-fer for 100 I-appliances at $50 each
Must be delivered to our ware-house." Key of G does not respond or deliver the goods. Harmony files a suit for breach of contract, to which Key of G answers that there is no contract because Harmony's purchase order contained additional terms and is not signed by Key of G. Can Harmony recover? Explain.