A(n) _____ is the price at which an auction begins

Fill in the blank(s) with correct word


minimum bid

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When recording the reimbursement of the petty cash fund, the accountant

a. credits Petty Cash Fund. b. credits the accounts for which the payments were made. c. debits Petty Cash Fund. d. debits the accounts for which the payments were made.

Business

Answer the following statements true (T) or false (F)

1. Listening involves just verbal communication. 2. Ethically interpreting a message means you are not intentionally letting your own bias or beliefs interfere with your interpretation. 3. A person is likely to retain 75% of a conversation. 4. Being an effective listener is a prerequisite to achieving professional excellence. 5. Listening and hearing are the same thing.

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Mr. Allen, whose marginal tax rate is 37%, owns an office building that generates $100,000 annual taxable income. He plans to create a family partnership by giving each of his three children a 15% interest in the building. Mr. Allen will retain a 55% interest. Mr. Allen will manage the building, and receive a guaranteed payment of $20,000. If Mr. Allen's children are in the 12% tax bracket, compute the annual tax savings from this income-shifting arrangement.

A. $0 B. $11,250 C. $9,000 D. $5,000

Business

Thomas is writing a report that contains a vertical column bar chart showing last year's employee enrollment in three management training programs: conflict resolution, time management, and team building. Which of the following statements best interprets and analyzes the graph?

a. Figure 1 shows enrollment for each of the management training programs we offer. b. As Figure 1 indicates, the enrollment for team building was almost double that of time management; and conflict resolution was the highest of the three. c. The enrollment for time management was 42; for team building it was 81; and for conflict resolution it was the highest at 127. d. Figure 1 data indicate that employee management training needs are shifting from training in time management and team building toward conflict resolution.

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