A deficit occurs when a company has reoccurring losses and/or declares dividends in excess of retained earnings
Indicate whether the statement is true or false
TRUE
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Ten high-intensity bulbs are tested for 100 hours each. One failed at 40 hours; another failed at 70 hours; all others completed the test. Calculate FR(%), FR(N), and MTBF
What will be an ideal response?
Leroy, an employee of Double Time, Inc, has gross salary for March of $4,000
The entire amount is under the OASDI limit of $117,000 and thus subject to FICA. He is also subject to federal income tax at a rate of 18%. Provide the journal entry to record salaries expense and payroll withholdings. (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) What will be an ideal response
What are the General Journal entries that should appear on each pay date?
A) Employee pay accrual and employee pay disbursement B) Employee pay remittance and voluntary deduction remittance C) Employee pay recording and employer share payroll taxes recording D) Employee pay disbursement and voluntary deduction remittance
Active listening encourages further communication and has the potential to enhance relationships.
Answer the following statement true (T) or false (F)