In construction contracts, penalty clauses are technically called "liquidated damages clauses;" if they are labeled "penalty" clauses, there is a long line of cases that say they are not enforceable
a. True
b. False
Indicate whether the statement is true or false
True
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Answer the following statements true (T) or false (F)
Analytical/deductive research methods are commonly used in accounting research.
A simple random sample of size n from an infinite population of size N is to be selected. Each possible sample should have _____ of being selected.
A. the same probability B. a probability of 1/n C. a probability of 1/N D. a probability of N/n
Haupt Inc. manufacturers water pumps. Each pump requires $155 of raw materials and $315 of conversion costs. Each pump is sold for $725. Last month Haupt produced and sold 69 pumps. The journal entry to apply conversion costs to production would include:
A. Credit to sales of $21,735. B. Debit to cost of goods sold of $31,735. C. Debit to work in process inventory of $21,735. D. Credit to work in process inventory of $21,735. E. Debit to accounts payable of $31,735.
The difference between the return on the market portfolio of assets and the risk-free rate of return represents the premium the investor must receive for taking the average amount of risk associated with holding the market portfolio of assets
Indicate whether the statement is true or false