A company's cost of inventory was $219,500. Due to phenomenal demand the market value of its inventory increased to $221,700. This company should record the inventory at its market value.
Answer the following statement true (T) or false (F)
False
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Firing an employee for her refusal to violate the law would raise a claim of wrongful discharge
a. True b. False Indicate whether the statement is true or false
Pooler Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.15 direct labor-hours. The direct labor rate is $7.00 per direct labor-hour. The production budget calls for producing 6,500 units in April and 6,200 units in May. The company guarantees its direct labor workers a 40-hour paid work week. With the number of workers currently employed, that means that the company is committed to paying its direct labor work force for at least 1,000 hours in total each month even if there is not enough work to keep them busy. What would be the total combined direct labor cost for the two months?
A. $13,510.00 B. $14,000.00 C. $13,825.00 D. $13,335.00
Unlimited liability holds a sole proprietor personally responsible for all the debts of the business.
Answer the following statement true (T) or false (F)
Transfer of a partner's interest: A) is void
B) results in dissolution of the partnership. C) relieves the partner of liability. D) makes the transferee a partner. E)None of the above