Sandy's private secretary promises to keep the contents of a letter she typed secret if Sandy will give her the next day off with pay. If the secretary takes the day off, Sandy has to pay her for the day
Indicate whether the statement is true or false
False
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Executive, Inc has a weekly payroll of $10,000 for a 5-day workweek, Monday through Friday. If December 31, the last day of the accounting year, falls on Thursday, Executive would make an adjusting entry that would
a. increase Wages Expense $8,000. b. decrease Wages Payable $2,000. c. decrease Cash $8,000. d. increase Wages Payable $2,000.
If a bank compounds savings accounts quarterly, the effective annual rate will exceed the nominal rate.
Answer the following statement true (T) or false (F)
At Travelocity's website, visitors are likely to find several airlines that have the identical same-day price for a flight from Atlanta to San Francisco. What pricing objective are these airlines pursuing?
A. introductory price deal B. quantity discount C. status quo D. price flexibility E. bundling
In year 3 of project Gamma. sales were $3,000,0000, cost of goods sold $1,500,000, other cash costs were $400,000, depreciation was $600,000 and interest expense was $250,000
The company's marginal tax rate is 35%. Compute operating cash flow for year 3 of project Gamma. A) $925,000 B) $675,000 C) $500,000 D) $325,000