To say that an illegal contract is void means that by law, the contract never existed

Indicate whether the statement is true or false


T

Business

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Coalitions have to determine how to allocate the results of the coalition's efforts to members. Briefly describe the need allocation standard.

What will be an ideal response?

Business

A $155 credit item is posted as a debit. The trial balance column totals therefore will differ by

A) $310 B) $620 C) $155 D) $0

Business

The direct materials costs and direct labor costs incurred by a production department are referred to as conversion costs

Indicate whether the statement is true or false

Business

Adam's Manufacturing has the following information available regarding one of the projects it is considering: Initial investment $500,000 Net present value 80,000 The profitability index of this project is:

A) 6.25. B) 0.16. C) 1.16. D) 0.86.

Business