Onyemah Corporation uses the FIFO method in its process costing system. Operating data for the Brazing Department for the month of November appear below: UnitsPercent Complete with Respect to ConversionBeginning work in process inventory7,30040%Transferred in from the prior department during November37,500 Completed and transferred to the next department during November35,600 Ending work in process inventory9,20070%What were the equivalent units of production for conversion costs in the Brazing Department for November?
A. 39,400
B. 42,040
C. 35,600
D. 39,120
Answer: D
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Which of the following statements is true about appellate courts?
A. Appellate courts cannot reverse a finding of fact made by the jury. B. Appellate courts cannot reverse a finding of fact made by the judge. C. Appellate courts permit brief oral arguments between attorneys. D. Appellate courts cannot reverse decisions of lower courts.
Electronic Data Interchange enables the transmission of routine, standardized business documents from computer to computer over telephone or direct leased lines
Indicate whether the statement is true or false
A sole proprietorship lacks continuity on the death of the proprietor
Indicate whether the statement is true or false
Jackson Motors, Inc. normally sells its electric motors to all buyers for $100. However, a competitor offered to sell similar motors to one of Jackson Motors' biggest customers for only $80 and Jackson Motors offered that customer-but not its other customers-a $80 selling price. According to the Robinson-Patman Act,
A. Jackson Motors is breaking the law, unless it offers to sell motors to all of its customers for $80. B. Jackson Motors has not violated the law-it is just meeting competition. C. Jackson Motors cannot use the "meeting competition in good faith" defense unless it beats its competitor's $80 selling price. D. Jackson Motors cannot lower its $100 selling price. E. Jackson Motors and its competitor are both guilty of price fixing.