As a general rule, an agent is liable on contracts entered into on behalf of a fully disclosed principal

Indicate whether the statement is true or false


False

Business

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Jolene Enterprises mass produces an all-purpose floor cleaner, mass distributes it, and mass promotes it. This firm uses a(n)________

A) segmented strategy B) undifferentiated targeting strategy C) focused targeting strategy D) differentiated targeting strategy E) concentrated targeting strategy

Business

Two operationally similar companies, HD and LD, have identical amounts of assets, operating income (EBIT), tax rates, and business risk. Company HD, however, has a much higher debt ratio than LD. Company HD's return on invested capital (ROIC) exceeds its after-tax cost of debt, (1-T) rd. Which of the following statements is CORRECT?

A. Company HD has a higher times interest earned (TIE) ratio than Company LD. B. Company HD has a higher return on equity (ROE) than Company LD, and its risk, as measured by the standard deviation of ROE, is also higher than LD's. C. The two companies have the same ROE. D. Company HD's ROE would be higher if it had no debt. E. Company HD has a higher return on assets (ROA) than Company LD.

Business

If a court determines that a contract involving both goods and services is primarily a goods contract, any dispute over the deal will be decided under the UCC.

Answer the following statement true (T) or false (F)

Business

Following is a partial process cost summary for Mitchell Manufacturing's Canning Department.Equivalent Units of ProductionDirect Materials Conversion Units Completed and transferred out  50,000    50,000  Units in Ending Work in Process:          Direct Materials (15,000 × 100%)  15,000       Conversion (15,000 × 80%)       12,000  Equivalent Units of Production  65,000    62,000             Cost per Equivalent Unit          Costs of beginning work in process $40,500   $59,700  Costs incurred this period  136,000    183,100  Total costs $176,500   $242,800  Cost per equivalent unit $2.71per EUP  $3.92per EUP The total conversion costs transferred out of the Canning Department equals:

A. $176,150. B. $183,100. C. $243,040. D. $196,000. E. $242,800.

Business