The parol evidence rule does not apply to:
A) a typographical error that obviously does not represent the agreement of the parties.
B) evidence showing one of the parties to the contract lacks contractual capacity.
C) The parol evidence rule does not apply to the evidence in either of these situations.
D) The parol evidence rule applies to the evidence in both of these situations.
C
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The ________ refers to all manufacturers, distributors, wholesalers, retailers, lessors, and subcomponent manufacturers involved in a transaction.
A. demand chain B. chain of command C. chain of distribution D. value chain
Which capability of promotion is used to let customers know about new products or brands offered by a firm?
A. to inform B. to remind C. to persuade D. to take action E. to sell
Janicki Corporation has two manufacturing departments--Machining and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: MachiningCustomizingTotalEstimated total machine-hours (MHs) 1,000 9,000 10,000Estimated total fixed manufacturing overhead cost$4,800$23,400$28,200Estimated variable manufacturing overhead cost per MH$1.10$2.50 During the most recent month, the company started and completed two jobs--Job A and Job J. There were no beginning inventories. Data concerning those two jobs follow: Job AJob JDirect materials$12,000$7,700Direct labor cost$20,700$6,400Machining machine-hours 700 300Customizing machine-hours 3,600 5,400 Assume that the company uses departmental predetermined overhead rates
with machine-hours as the allocation base in both production departments. Further assume that the company uses a markup of 50% on manufacturing cost to establish selling prices. The calculated selling price for Job A is closest to: A. $87,752 B. $55,190 C. $82,785 D. $27,595
More established ventures will use a sales forecast model where the estimation of current sales will increase a certain percentage over the prior period's sales. This percentage is based upon
a. newly established sales only. b. an inventory analysis. c. a trend line analysis. d. past experience.