James Krieg has finished law school but has unsuccessfully taken the bar exam twice. Krieg is running low on patience and cash. He has begun writing wills to see him through this time of crisis and is charging $200 per will. Some of his will clients have refused to pay Krieg and he wishes to take them to a small claims court. Which of the following statements is true?
A) Krieg could recover the fees on a quasi-contract theory.
B) Krieg could recover the fees since the licensing after the bar exam is simply to raise funds.
C) Krieg agreements are voidable.
D) Krieg agreements are void.
D
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A) idea B) place C) luxury item D) event E) service
Mark Pulley is an auditor at Pulley and Hurst, LLC. If Pulley's five-year-old daughter owns shares of stock in McBurgers Corporation, then what is Pulley considered to have?
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Keith and Jim are partners. Keith has a capital balance of $47,000 and Jim has a capital balance of $32,000. Jim sells $15,000 of his ownership to Bill. Which of the following is TRUE of the journal entry to admit Bill?
A) Bill, Capital will be debited for $17,000. B) Jim, Capital will be debited for $17,000. C) Jim, Capital will be credited for $15,000. D) Bill, Capital will be credited for $15,000.
Direct inputs into an MRP system include all of the following except?
a. Inventory/leadtime information b. Master production schedule c. Demand forecasts d. Bill of materials