Which of the following promises ordinarily must be fully executed in writing to be enforceable?
A. any sale of goods to a minor
B. an agreement between two parties to sell a piece of jewelry for $350
C. a six-month lease on an apartment beginning in 30 days
D. a promise made by an executor of an estate to pay a debt of the estate
Answer: D
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Describe the steps involved in market pricing.
What will be an ideal response?
Brookside Market recently traded in store fixtures
The exchange had commercial substance. The old fixtures had a cost of $72,000 and accumulated depreciation of $66,000. Brookside paid $100,000 for the new store fixtures. These new fixtures had a market value of $127,000. There is a loss of $21,000 on this exchange. Indicate whether the statement is true or false
Which of the following is not a true statement about mutual funds?
A) They are managed by professional managers. B) Proceeds are only invested in stocks. C) A minimum investment is required. D) The value of shares is reported in The Wall Street Journal.
Carattini Incorporated makes a single product-an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Total budgeted manufacturing overhead$360,000 Budgeted hours 36,000labor-hoursStandard hours allowed for the actual production 34,200labor-hoursTotal actual manufacturing overhead$340,376 Actual hours 37,200labor-hoursThe total amount of manufacturing overhead applied is closest to:
A. $340,376 B. $372,000 C. $312,900 D. $342,000