All manufacturing costs are classified as direct materials, direct labor, or overhead

Indicate whether the statement is true or false


True

Business

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What makes holographic wills suspect?

A. They are not properly witnessed. B. They are typed by the testator and signed by him or her. C. They are oral wills. D. They are not written and signed in the testator's handwriting.

Business

Andre's Tennis Club sells season memberships for $1,500 each. During January of 2012, 50 season memberships were sold. As of March 31, 2012, only $45,000 of season membership fees had been collected from customers. The tennis season runs for 6 months starting April 01, 2012. Which one of the following is an amount reported on the Balance Sheet dated March 31, 2012?

A) Unearned tennis membership revenue of $45,000 B) Unearned tennis membership revenue of $37,500 C) Accounts Receivable $75,000 D) Tennis membership revenue of $45,000

Business

Rich and Archie sign an agreement in which Archie agrees to deliver ten cases of champagne in 5 days. The parties negotiated and meant to say in the written agreement, delivery in 50 days. If the evidence is clear that the two parties intended to agree to 50 days, the courts will probably

a. reform the contract. b. rescind the contract. c. issue a warranty. d. issue a covenant.

Business

From a population of size 600, a simple random sample of size 58 is selected. The sample mean is 400, and the sample standard deviation is 40. An estimate of the standard error of the mean is

a. 4.0 b. 5.0 c. 6.0 d. 7.0

Business