Sick pay benefits that are related to an employee's services already rendered, whose payment is probable and whose amount can reasonably be estimated, must be accrued and recognized as a current liability if the obligation relates to rights that Accumulate Vest I. No No II. No Yes III. Yes No IV. Yes Yes
A) I
B) II
C) III
D) IV
B
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A depreciable asset with an estimated useful life of 6 years and a residual value of $1,000 is purchased on April 12 for $4,600 . The purchasing company's fiscal year ends on August 31 . How much depreciation is recorded for the first year using the straight-line method?
a. $250.00 b. $200.00 c. $319.44 d. None of these are correct.
The average rate of return that investors require to provide funds to the firm in the form of debt is the ________.
A. average coupon rate on the firm's bonds B. average yield to maturity (YTM) on the firm's bonds C. average maturity value of the firm's bonds D. firm's required rate of return E. average internal rate of return (IRR) the firm earns on its assets
When IBM surveyed 1,700 global CEOs, they found that _______ of CEOs believe that they must improve their firm’s understanding of individual customer needs and their firm’s response time to market needs, and _____________ of all CEOs surveyed also believe they need to increase transparency, corporate accountability, and their firms’ social and environmental responsibilities.
a. 81%; nearly two thirds b. 62%; nearly two thirds c. 72%; nearly one half d. 72%; nearly one half
Which of the following steps in progressive discipline involves the right to go to arbitration?
A. Temporary suspension B. Unofficial verbal warning C. Threat of suspension D. Official written warning E. Termination