According to the Uniform Commercial Code, to meet the standard of merchantability, the goods must pass without objection in the trade under the contract description
Indicate whether the statement is true or false
TRUE
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Which of the following components of a compensation plan rewards experience and competence?
A) salary B) commission C) bonus D) incentive payment
An amendment to the articles of incorporation can create a new position on the board of directors.
Answer the following statement true (T) or false (F)
Cash budget is a statement of a firm's planned inflows and outflows of cash that is used to estimate its long-term cash requirement
Indicate whether the statement is true or false
Stockman Inc. has provided the following data for the month of November. 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$4,070 $15,680 $42,080 $61,830 Direct labor 7,760 27,440 73,640 108,840 Manufacturing overhead applied 5,130 14,250 37,620 57,000 Total$16,960 $57,370 $153,340 $227,670 Manufacturing overhead for the month was overapplied by $1,000. The company 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 overhead applied during the month in
those accounts. The work in process inventory at the end of November after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to: A. $17,034 B. $17,050 C. $16,886 D. $16,870