Statutory law is to legislative bodies as common law is to
a. rulemaking.
b. agencies.
c. courts.
d. administrative regulations.
c
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Franklin Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on August 31, its Cash account shows a debit balance of $13,162. Franklin's August bank statement shows $14,237 on deposit in the bank. Determine the adjusted cash balance using the following information: Deposit in transit$4,500 Outstanding checks$3,900 Bank service fees, not yet recorded by company$50 The bank collected on a note receivable, not yet recorded by the company$1,725 The adjusted cash balance should be:
A. $10,337 B. $18,737 C. $13,112 D. $14,887 E. $14,837
In project management, PERT (program evaluation and review technique) ______.
a. uses a weighted average of optimistic, pessimistic, and most likely estimates to calculate the expected duration for an activity b. uses a deterministic approach to calculate the expected duration for an activity c. use a simple average of optimistic, pessimistic, and most likely estimate to calculate the expected duration for an activity d. uses a most likely estimate to calculate the expected duration for an activity
When consumers do not know where to buy a product or what it costs and the product's producer does not know where its target market is located, we say there is a
A. discrepancy of assortment. B. separation of information. C. discrepancy of quantity. D. separation in time. E. separation of ownership.
Using the following year-end information for Bauman, LLC, calculate the current ratio and acid-test ratio: Cash$70,200?Short-term investments12,800?Accounts receivable49,500?Inventory242,000?Prepaid expenses18,000?Accounts payable100,500?Other current payables28,000?
A. 2.91 and 0.97. B. 3.05 and 0.33. C. 0.97 and 3.05. D. 3.05 and 1.03. E. 1.17 and 3.91.