The ________ will also be understated in a period of understated ending inventory
a. net income
b. cost of goods sold
c. total of assets
d. cost of goods available for sale
a
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What is the "Big-Bang" approach?
Secondary beliefs and values are less open to change than core beliefs and values
Indicate whether the statement is true or false
The textbook notes that a 1994 survey of companies indicated that approximately what percentage of these companies had exceeded their budgets when rolling out ERP systems?
a. 10% b. 25% c. 50% d. 90%
Kevin, a contractor, was advised by several persons in his community that Toby had been representing himself around the town, as being Kevin?s agent and authorized to make home renovation contracts on his behalf
Kevin had in fact not authorized Toby to make these representations on his behalf but did nothing to address the situation. Two weeks later, Myra a homeowner, advised Kevin that she had made a contract to renovate her home with him through Toby and that if he did not carry out the work, she would take legal action against him. Which of the following statements is TRUE? A) Kevin is not bound by the contract with Myra as Toby had no actual authority B) Myra cannot enforce the contract against Kevin as she had a duty to verify that Toby had the authority claimed. C) Kevin is estopped from denying that he has a valid contract with Myra. D) Myra cannot enforce the contract against Kevin but can sue Toby for fraud E) Kevin is bound by the contract with Myra but is free to adjust the terms of his performance