The scholars of jurisprudence generally agree on the theory of law
Indicate whether the statement is true or false
False
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Specialty cheeses are most likely to have:
A) high promotional elasticity and high holding cost. B) high promotional elasticity and low holding cost. C) low promotional elasticity and high holding cost. D) low promotional elasticity and low holding cost.
Using the labor time standard of 0.5 labor hour per unit and a labor cost standard of $10 per labor hour for a 10 pound bag of chocolate and the following actual cost and usage data, compute the direct labor variance. Direct labor hours used 4,950 hours Total cost of direct labor $53,460 Number of good units produced 9,000 units
a. $3,960 (F) b. $8,460 (U) c. $3,960 (U) d. $8,460 (F)
Which of the following contracts requires a writing under the UCC, Article 2?
a. Jeremy, a full-time student, sold his snow blower to a friend for $450. b. Kayla, a full-time student, purchased a used computer from Office Plus for $300. c. A toy manufacturer contracted to sell dolls valued at $10,000 to a department store. d. Tobias Department Store contracted to sell Jenny a $400 doll.
On January 1, Jewel Company buys $200,000 of Marcelo Corp. 12%, 36-month notes. Interest is paid on the last day of each month. The notes are classified as available-for-sale securities. This is the company's first and only investment in available-for-sale securities. On December 31, the notes have a fair value of $204,000. The journal entry to record the receipt of the monthly interest on January 31 is:
A. Debit Cash $2,000; credit Interest Revenue $2,000. B. Debit Cash $2,000; credit Debt Investments-AFS $2,000. C. Debit Cash $2,000; credit Fair Value Adjustment-AFS (LT) $2,000. D. Debit Cash $2,000; credit Fair Value Adjustment-AFS (ST) $2,000. E. Debit Cash $24,000; credit Debt Investments-AFS $24,000.