Which of the following solvency ratios is the best measure to determine the degree to which a company relies on outsiders for funds?
a. Debt-to-equity ratio
b. Times interest earned ratio
c. Debt service coverage ratio
d. Cash flow from operations to capital expenditures ratio
a
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Doug, an employee of Cayman Travels Company, has gross salary for March of $4,000. The entire amount is under the OASDI limit of $118,500, and thus subject to FICA. His year-to-date pay has already exceeded the $7,000 cap for FUTA and SUTA. Provide the journal entry to record the employer's payroll taxes. (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) Omit explanation.
What will be an ideal response?
Indicate by letter whether each item below would appear on the income statement (IS), balance sheet (BS), or statement of retained earnings (E). ________
a. Common Stock ________ b. Dividends ________ c. Wages Expense ________ d. Commissions Earned ________ e. Buildings ________ f. Accounts Payable ________ g. Utilities Expense ________ h. Beginning Retained Earnings ________ i. Accounts Receivable ________ j. Notes Payable
A person designated by a principal to do all acts that can be legally delegated to an agent is a:
a. personal subagent b. special agent c. gratuitous agent d. general agent e. none of the other choices
A Microsoft Access 2013 switchboard provides networking capabilities in Microsoft Access 2013
Indicate whether the statement is true or false