Identify three essential functions of law
The primary function of law is to maintain stability in the social, political, and economic system while simultaneously permitting change. A second essential function of law is to protect the private ownership of property and to assist in the making of contracts relating to exchanges of property and services. A third function of law is preservation of the state.
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Which of the following is the correct formula to calculate weighted-average unit cost for merchandise inventory?
A) Weighted-average unit cost = Cost of goods available for sale + Number of units available B) Weighted-average unit cost = Cost of goods available for sale x Number of units available C) Weighted-average unit cost = Cost of goods available for sale - Number of units available D) Weighted-average unit cost = Cost of goods available for sale / Number of units available
A brokerage firm who hires an employee is responsible to give the employee a paid vacation.
a. true b. false