To sustain a case of fraud in the inducement, the injured party must prove that he actually relied upon the false representation
a. True
b. False
Indicate whether the statement is true or false
True
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Cement Company, Inc. began the first quarter with 1,000 units of inventory costing $25 per unit. During the first quarter, 3,000 units were purchased at a cost of $40 per unit, and sales of 3,400 units at $65 per units were made. During the second quarter, the company expects to replace the units of beginning inventory sold at a cost of $45 per unit. Cement Company uses the LIFO method to account for inventory.The amount of gross profit for the first quarter is:
A. $250,000 B. $90,000 C. $221,000 D. $83,000 E. $87,000
The direct labor efficiency variance is the difference between the standard hours allowed and the actual hours multiplied by the actual labor rate
Indicate whether the statement is true or false
Websavvy paid the electric and gas bill for the month in the amount of $325 . What is the entry to record this transaction?
a. debit to Utilities Expense, $325; debit to Accounts Receivable, $325 b. debit to Cash, $325; credit to Utilities Expense, $325 c. debit to Accounts Receivable, $325; credit to Utilities Expense, $325 d. debit to Utilities Expense, $325; credit to Cash, $325
Two independent clauses joined together with no punctuation create a ________
A) run-on B) comma splice C) compound sentence D) complex sentence