What is the intent of the family purpose doctrine?
A) to impose liability on children for the care of elderly parents
B) to impose liability on the owner of an automobile for the negligence of immediate family members operating the automobile
C) to impose liability on a parent for any negligence caused by a child
D) to impose strict liability on the owner of a wild animal for any injuries caused by the animal
Answer: B
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Bosshart Inc. has provided the following data for the month of May. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In ProcessFinished GoodsCost of Goods SoldTotalDirect materials$10,670 $12,000 $81,120 $103,790 Direct labor 11,630 15,000 101,400 128,030 Manufacturing overhead applied 9,680 9,680 68,640 88,000 Total$31,980 $36,680 $251,160 $319,820 Manufacturing overhead for the month was underapplied by $6,000.The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during
the month in those accounts.The journal entry to record the allocation of any underapplied or overapplied manufacturing overhead for May would include the following: A. debit to Work in Process of $31,980 B. credit to Work in Process of $31,980 C. credit to Work in Process of $660 D. debit to Work in Process of $660
________ methods assume that what has occurred in the past will continue to occur in the future
A) Time series B) Regression C) Quantitative D) Qualitative
Public relations
A. should be used mostly to counteract any competitive promotions or negative publicity. B. is an element of promotion that should be handled on a continuous basis. C. should be used solely to respond to emergencies that could significantly damage the company's reputation. D. is paid communication that helps enhance a company's image by highlighting its philanthropic efforts. E. is generally not given much weight because the information is generated by the company itself.
A mortgage for less than 80% of the appraised value of the home will not require PMI insurance because they default less often
Indicate whether this statement is true or false.