The Department of Commerce maintains a Commodity Control List that states what goods are restricted in sales to other nations
a. True
b. False
Indicate whether the statement is true or false
True
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________ laws were passed to provide some relief to customers having complaints against auto dealers.
A. Lemon B. Credit C. Equal opportunity D. Fair credit
All forms of vertical marketing systems involve centralized ownership and control
Indicate whether the statement is true or false
Fisher Manufacturing uses a standard cost system
Data on standard costs and actual costs are as follows: Direct materials: Standard Actual Direct materials units per unit of output 2.0 3.3 Sales price per unit of direct materials $5.00 $4.80 Direct materials cost per unit $10.00 $16.00 Number of units 3,000 3,000 Direct materials cost $30,000 $48,000 Direct labor: Standard Actual Hours per unit 0.5 0.4 Cost per hour $18.00 $20.00 Labor cost per unit $9.00 $8.00 Number of units 3,000 3,000 Direct labor cost $27,000 $24,000 Variable overhead* Standard Actual Hours per unit 0.5 0.4 Cost per hour $30.00 $29.00 Variable overhead cost per unit $15.00 $11.60 Number of units 3,000 3,000 Variable overhead cost $45,000 $34,800 *allocated based on direct labor hours Fixed overhead* Standard Actual Hours per unit 0.5 0.4 Cost per hour $10.00 $9.00 Fixed overhead cost per unit $5.00 $3.60 Number of units 3,000 3,000 Fixed overhead cost $15,000 $10,800 *allocated on the basis of direct labor hours Give the journal entry to transfer the cost of units from Work-in-Process Inventory to Finished Goods Inventory. What will be an ideal response
What is the significance of becoming the holder of a bearer instrument acquired illegally (e.g. stolen) and then legally having the power to pass the instrument on to an innocent third party?