If Jack and Victor were cosureties for John, Jack's right to reimbursement would include:
A. the right to any collateral in the possession of the creditor.
B. the right to share the costs paid with Victor.
C. the right to recover from the principal the costs paid on the principal's obligation.
D. all the rights that the creditor had.
Answer: C
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The following unit data were assembled for the assembly process of the Super Co for the month of June. Direct materials are added at the beginning of the process. Conversion costs are added uniformly over the production process. The company uses the FIFO process. Units Beginning work in process 5,000 (60% complete) Units started in September 51,000 Ending work in process 4,000 (30% complete) The
number of equivalent units produced with respect to direct materials costs is: A) 51,000 B) 50,000 C) 47,000 D) 56,000
______ activities by a work group involve production, efficiency, and convergent thinking.
A. Exploration B. Divergent C. Convergent D. Exploitation
Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are planned for the year. Beginning InventoryEnding InventoryFinished goods (units)22,000?72,000?Raw material (grams)52,000?42,000?Each unit of finished goods requires 2 grams of raw material. The company plans to sell 690,000 units during the year.The number of units the company would have to manufacture during the year would be:
A. 638,000 units B. 690,000 units C. 762,000 units D. 740,000 units
Unless otherwise provided by statute, an assignment may be made orally
a. True b. False Indicate whether the statement is true or false