Employment taxes are
a. revenue neutral.
b. regressive.
c. value-added.
d. progressive.
e. proportional.
e
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At Forrest Industries, all sales are on account. Sienna Marcos is responsible for mailing invoices to customers, recording the amount billed, opening mail, recording the payment, and making deposits to the bank. Sienna is very devoted to the family
business and never takes off more than one or two days for a long weekend. The customers know Sienna and sometimes send personal notes with their payments. Another clerk handles all aspects of accounts payable. Sienna's brother, who is president of Forrest Industries, has hired an accountant to help with expansion. REQUIRED: 1 . List some problems with the current accounts receivable system. 2 . What suggestions would you make to improve internal control? 3 . How would you explain to Sienna that she personally is not the problem?
In large-scale projects, and especially in cases in which the data entry is performed by a subcontractor, researchers utilize a data code book which identifies (1 ) the questions on the questionnaire, (2 ) the variable name or label that is
associated with each question or question part, and (3 ) the code numbers associated with each possible response to each question. Indicate whether the statement is true or false
Current liabilities include accounts receivable, unearned revenues, and salaries payable.
Answer the following statement true (T) or false (F)
The profit center income statement should include only controllable revenues and expenses
Indicate whether the statement is true or false