A seller gave his agent approximate measurements of the lot his house sits on. The listing agent passed those measurements on to prospective buyers without mentioning that they were approximate. After closing the buyer erects a fence around the backyard. He then learns that the measurements given to him were not exact. Is the agent guilty of misrepresentation

If a bond is issued at a premium the effective interest rate is most likely

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.