Asking questions about limitations must be an afterthought
Indicate whether the statement is true or false
FALSE
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Plummer Corporation has provided the following data for its two most recent years of operation: Selling price per unit$44Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$9Direct labor$6Variable manufacturing overhead$4Fixed manufacturing overhead per year$63,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold$5Fixed selling and administrative expense per year$66,000 Year 1 Year 2Units in beginning inventory0 2,000Units produced during the year9,000 7,000Units sold during the year7,000 8,000Units in ending inventory2,000 1,000The unit product cost under absorption costing in Year 2 is closest to:
A. $33.00 B. $28.00 C. $9.00 D. $19.00
The Takings Clause is triggered by the power of adverse possession.
Answer the following statement true (T) or false (F)
Which of the following is an exception to the privity rule?
A) rights of a plaintiff to sue an employer when their employee causes damages B) rights of a plaintiff to sue a parent for damages their child caused C) rights of a beneficiary of a life insurance policy to sue an insurance company if they are not paid D) rights of a lender to sue a wife for the debts of her husband E) all of the above illustrate the privity rule
Under the UCC, an acceptance must always be identical to an offer for a valid contract to be formed
a. True b. False Indicate whether the statement is true or false