Which of the following is most likely to happen when one party intentionally mixes another's property with his own, resulting in confusion?
A) Title to the total mass passes to the innocent party, unless the mixing party can clearly prove how much of his property was confused with that of the innocent party.
B) The state takes ownership of the property until it can be clearly proven how much of the property of one was mingled with that of the other person.
C) The title to the total mass passes to that party which owned more property prior to the confusion taking place.
D) Each party will be deemed the owner of a proportionate part of the mass.
A
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Sentra Sporting Company sells tennis rackets and other sporting equipment. The purchasing department manager prepared the inventory purchases budget. Sentra's policy is to maintain an ending inventory balance equal to 15% of the following month's cost of goods sold. January's budgeted cost of goods sold is $70,000. October November December Budgeted cost of goods sold60,000 40,000 50,000 Plus: Desired ending inventory6,000 ? ? Inventory needed66,000 ? ? Less: Beginning inventory9,000 ? ? Required purchase (on account)57,000 ? ? What would be the required purchases (on account) for December?
A. $53,000 B. $47,000 C. $50,000 D. $60,500
The statement 'An effect cannot be produced by an event that occurs after the effect has taken place,' refers to ________
A) the time order of occurrence of variables B) the role of evidence C) concomitant variation D) the elimination of other possible factors
Equivalent units of production usually are determined for
A) direct materials costs only. B) direct materials and conversion costs. C) direct and indirect materials only. D) conversion costs only.
Renee's, a company selling winter clothing in Chicago, ran a preseason promotion on some of its fur jackets, offering cash refunds if the snowfall in the customer's market area turned out to be below average. This exemplifies ________
A) puffery B) satisficing C) prospecting D) a price pack E) a rebate