A seller has breached his contract by providing unfit seed, which breach was undetectable until the bean crop was to be harvested. Remedies would include:
A) damages for the lost profits from a contract to sell the bean crop.
B) liquidated damages set by the court to cover such a situation.
C) specific performance of the contract.
D) All of these.
A
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Answer the following statements true (T) or false (F)
1) The two major types of receivables are interest receivable and taxes receivable. 2) The three major types of receivables are accounts receivable, notes receivable, and other receivables. 3) Accounts receivable are also called trade receivables. 4) The collection period of accounts receivable is usually long, and therefore, it is classified as a long-term asset on the balance sheet. 5) Accounts receivable are usually collected within a short period of time and are therefore reported as a current liability on the balance sheet.
The following unit data were assembled for the assembly process of the Super Co for the month of June. Direct materials are added at the beginning of the process. Conversion costs are added uniformly over the production process. The company uses the FIFO process. Units Beginning work in process 5,000 (60% complete) Units started in September 51,000 Ending work in process 4,000 (30% complete) The
number of equivalent units produced with respect to direct materials costs is: A) 51,000 B) 50,000 C) 47,000 D) 56,000
Fillmore Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on 60,000 direct labor-hours, total fixed manufacturing overhead cost of $96,000, and a variable manufacturing overhead rate of $3.30 per direct labor-hour. Recently Job X809 was completed and required 100 direct labor-hours.Required:a. Calculate the estimated total manufacturing overhead for the year.b. Calculate the predetermined overhead rate for the year.c. Calculate the amount of overhead applied to Job X809.
What will be an ideal response?
Several factors can contribute to building relationships among project team members. Which of the following is NOT a contributor to relationship building within the core team?
a. Ensure team members understand what is expected of them. b. Foster a closed environment of secrecy. c. Ensure team member's opinions are considered. d. Provide opportunities to grow and develop.