The fictitious payee rule is based on the idea that employers should bear the risk of their own unscrupulous employees
Indicate whether the statement is true or false
True
You might also like to view...
Standard Corporation has developed standard manufacturing overhead costs based on a capacity of 180,000 direct labor-hours (DLHs) as follows:Standard overhead costs per unit:Variable portion: 2 DLHs × $3 per DLH = $6Fixed portion: 2 DLHs × $5 per DLH = $10The following data pertain to operations in April: Actual output 80,000unitsActual direct labor cost$644,000 Actual direct labor-hours worked 165,000DLHsVariable overhead cost incurred$518,000 Fixed overhead cost incurred$860,000 The fixed manufacturing overhead volume variance for April was:
A. $100,000 Favorable B. $60,000 Favorable C. $60,000 Unfavorable D. $100,000 Unfavorable
Ubiquitous Enterprises is a franchisee of HotPan chain of restaurants. One afternoon, Linda, an employee of a HotPan restaurant owned by the franchisee, is mopping the floor. Gary, a customer who enters the restaurant is talking on his cell phone and does not notice Linda mopping the floor. He slips on the wet floor while walking to the counter and is injured. Who among the following is liable
for Gary's injuries? A) HotPan, for not providing a "Caution: Wet Floor!" sign B) Ubiquitous Enterprises, for not having its own "Caution" sign C) Linda, for not alerting Gary D) Gary, for not noticing that the floor was wet
When the service provided does not measure up to the firm’s or to the industry’s standards, it is known as ______.
a. the service design and standards gap b. the service delivery performance gap c. the communication gap d. the service planning gap
Johnson entered into a contract to sell his computer to Madison for $950 . Johnson then changed his mind and refused to deliver the computer to Madison as agreed. Johnson's failure to deliver the computer is considered to be
a. an acceptance. b. a breach of contract. c. a quasi agreement. d. a performed contract.