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
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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
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.
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)
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.