Countries faced with signficant decreases in their working age population will need to :
a. Expand the working age to employ more workers younger than 15
b. Increase the countries population through immigration
c. Incentive citizens to have more children
d. Accept the reality that they will no longer be as competitive in the global economy
b. Increase the countries population through immigration
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Hsu Company purchased a truck on May 31, 2013 for $70,000 . The equipment has an estimated useful life of five years. What amount will appear on Hsu Company's balance sheet for total accumulated depreciation at May 31, 2016?
a. $14,000 b. $35,000 c. $42,000 d. $28,000
Winters, Inc, pays its managers a bonus consisting of 7% of net income (income after deduction of both bonus and income taxes). The company's income tax rate is 20%. Income for the current year is $600,000. How much bonus would be paid for the current year (rounded to whole dollars)?
a. $42,000 b. $33,600 c. $31,818 d. $31,248
Winkler Company borrows $85,000 and pledges its receivables as security. The journal entry to record this transaction would be:
A. Debit Cash of $85,000 and credit Accounts Payable $85,000. B. Debit Cash of $85,000 and credit Accounts Receivable $85,000. C. Debit Note Receivable $85,000 and credit Accounts Receivable $85,000. D. Debit Accounts Receivable $85,000 and credit Notes Payable $85,000. E. Debit Cash $85,000 and credit Notes Payable $85,000.
Of the following acts, the one that an agent could not perform for the principal would be
a. making a will for the principal. b. voting for the principal. c. serving on a jury in place of the principal. d. all of these.