Agreement of the parties, ratification of the agent's activities by the principal, application of the doctrine of estoppel and operation of law are all:
a. ways that an agency may be established b. ways that an agency may be sued
c. unacceptable ways to begin an agency
d. informal and thus non-binding ways of establishing an agency e. none of the other choices are correct
a
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The receiving report is used to
a. accompany physical inventories to the storeroom or warehouse b. advise the purchasing department of the dollar value of the goods delivered c. advise general ledger of the accounting entry to be made d. advise the vendor that the goods arrived safely
Theoretical capacity refers to
a. extra machinery and equipment kept on hand. b. the maximum productive output possible. c. an output level that allows for normal work stoppages. d. the operating capacity that will meet expected sales demand.
Which of the following is subtracted from weighted average EUP to derive FIFO EUP?
a. beginning WIP EUP completed in current period b. beginning WIP EUP produced in prior period c. ending WIP EUP not completed d. ending WIP EUP completed
Which of the following functions deals with the management of money?
A. Marketing B. Human resources C. Financial services D. Information systems E. Research and development