If an at-will employee is fired for refusing to commit an unethical act, the termination may be in violation of public policy
a. True
b. False
Indicate whether the statement is true or false
False
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On January 1, 2014, the Accounts Receivable and the Allowance for Uncollectible Accounts for Darius Company carried balances of $20,000 and $550 respectively. During the year, the company reported $70,000 of credit sales. There were $400 of receivables written off as uncollectible in 2014 . Cash collections of receivables amounted to $74,700 . The company estimates that it will be unable to
collect 5% of the year-end accounts receivable balance. The net realizable value of receivables appearing on the 2014 balance sheet will amount to: a. $14,105 b. $14,155 c. $14,900 d. $15,450
Answer the following statements true (T) or false (F)
1. Companies evaluate investment centers using the same measures as the profit centers 2. Operating income alone does not indicate how efficiently a segment is using its assets. 3. Investment center managers are responsible for generating profits and making the best use of the investment center's assets. 4. To adequately evaluate an investment center's financial performance, summary performance measures should include both the division's operating income and its assets. 5. Net income is used in the numerator of the return on investment formula.
If a tax-exempt organization is found by the IRS to have paid unreasonable benefits, the individual must pay a tax penalty of 25% of the excess benefit and the individuals who approved the benefits must pay a 10% penalty.
Answer the following statement true (T) or false (F)
The following information is for Gable, Inc. and Harlowe, Inc. for the recent year. Gable,Inc.Harlowe,Inc.Sales $800,000 $800,000 Variable costs 400,000 200,000 Contribution margin 400,000 600,000 Fixed costs 200,000 400,000 Income from operations $200,000 $200,000 Based on the above data, which company has a higher operating leverage?
A. Operating leverage is the same for both companies B. Harlowe, Inc. C. Gable, Inc. D. Cannot be determined