Rick Richards is a waiter at the Misosis Club in Pennsylvania, receives the tipped minimum wage. During a 40-hour work week, how much must he earn in tips to meet the minimum wage requirement?
a. $166.90
b. $152.40
c. $126.20
d. $176.80
e. None of the above
$176.80
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Which of the following best describes the term "retained earnings"?
a. The amount of total profits earned by a business since it began operations. b. The amount of interest or claim that the owners have on the assets of the business. c. The future economic resources of a business entity. d. The cumulative profits earned by the business less any dividends distributed.
Entrepreneurial marketing exclusively involves developing formal marketing strategies and adhering to them closely
Indicate whether the statement is true or false
Waterford Industries is considering the purchase of a new machine. It will replace an existing but
obsolete machine that will be sold for $50,000. The existing machine is 8 years old, cost $200,000, had a 10-year useful life, and is being depreciated to zero using the straight-line method. Waterford's income tax rate is 35%. What is the after-tax salvage value of the old machine? A) $53,500 B) $46,500 C) $50,000 D) $42,000
The smallest value that the standard error of estimate s can assume is:
a. -1 b. 0 c. 1 d. -×