Which of the following, if any, are requisites for fraud in the inducement?
a. False representation of a fact that is material.
b. Representation is made with knowledge of its falsity and the intention to deceive.
c. The representation is justifiably relied on.
d. All of these.
e. Two, but not all of these.
d
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The management of Rutledge Corporation would like to better understand the behavior of the company's warranty costs. Those costs are listed below for a number of recent months: Product ReturnsWarranty CostMarch30 $3,648April37 $4,074May43 $4,460June41 $4,330July32 $3,756August48 $4,782September35 $3,932October33 $3,823 Management believes that warranty cost is a mixed cost that depends on the number of product returns. Required:Estimate the variable cost per product return and the fixed cost per month using the least-squares regression method.
What will be an ideal response?
The bonding of employees is an example of which feature of a good system of internal control?
a. Authorization of transactions b. Limited access to assets c. Sound personnel policies d. Separation of duties
The budgeted balance sheet assumes that all operating and financing plans are met
Indicate whether the statement is true or false
Which of the following is not one of the elements of ethics?
a. Doing the right thing b. Making the right choices c. Presenting the right ideas d. Raising the share price