When direct labor costs are recorded, the journal entry is a debit to Factory Wages Payable and a credit to Work in Process Inventory.
Answer the following statement true (T) or false (F)
False
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In the United States, the biggest issuers of debt securities are
A. households. B. business firms. C. governments. D. financial intermediaries.
Conjoint analysis assumes that consumers evaluate the choice alternatives in terms of the important attributes and make trade-offs
Indicate whether the statement is true or false
Michelle's Boutique places an ad in the Sunday paper for beautiful, top-of-the-line designer suits for $3.00 . Alice sees the ad in the paper and goes to the store to stock up on business suits for her new job. Michelle apologizes for the misprint. Alice has just finished a class in contract law and insists that the store sell her five suits for $15 . Alice threatens to sue Michelle for breach of
contract. a. This is a valid contract based on commercial reasonableness. b. The ad in the newspaper is an offer to sell, Alice accepted the offer, and there is an enforceable contract. c. The ad in the newspaper is a solicitation seeking offers, but is not an offer to sell; therefore, Alice will not be able to successfully sue for breach of contract. d. None of these.
The Las Vegas method is a simulation technique that uses random elements when chance exists in their behavior
Indicate whether the statement is true or false