In a case in the text involving a used-car dealer accused of fraud, the court of appeals stated that
an "as is" clause in a contract prevents a seller from being liable for fraudulent concealment
based on the seller's failure to disclose perti
facts to a buyer.
Indicate whether the statement is true or false
FALSE
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Manufacturing overhead would not include which of the following costs?
a. Packing materials b. Supervisory salaries c. Factory rent d. Raw materials
Heathcote Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year: Estimated total manufacturing overhead at the beginning of the year$546,000 Estimated direct labor-hours at the beginning of the year 42,000direct labor-hours Results of operations: Actual direct labor-hours 47,000direct labor-hoursManufacturing overhead: Indirect labor cost$152,000 Other manufacturing overhead costs incurred$454,000 Cost of goods manufactured$1,569,000 Cost of goods sold (unadjusted)$1,458,000 The total amount of manufacturing overhead applied to production is:
A. $606,000 B. $546,000 C. $611,000 D. $1,755,000
A payment made to foreign government officials to ensure that they do what is expected given their job requirements can be characterized as a(n):
A. Facilitating Payment B. Legal Payment C. Bribe D. Asset misappropriation
Describe the two main protocols used by the Internet