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
C
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A formative meta-evaluation can be conducted internally by the evaluators themselves or by someone internal to the organization that hosts the evaluand.
a. True b. False
Refer to the following selected financial information from Texas Electronics. Compute the company's current ratio for Year 2. Year 2 Year 1Cash$37,500 $36,850 Short-term investments 90,000 90,000 Accounts receivable, net 85,500 86,250 Merchandise inventory 121,000 117,000 Prepaid expenses 12,100 13,500 Plant assets 388,000 392,000 Accounts payable 113,400 111,750 Net sales 711,000 706,000 Cost of goods sold 390,000 385,500
A. 3.05. B. 2.95. C. 1.98. D. 2.26. E. 1.88.
Legal detriment is:
a. obtaining something to which one had no prior legal right. b. the benefit to the promisor or detriment to the promisee. c. doing an act that one is not legally obligated to do. d. doing an act that one has a legal right to do.
Which of the following is NOT one of the major issues to be addressed by schedulers in order to reduce the size of the queues in intermittent processes?
a. input-output control b. loading c. worker assignment d. sequencing