Bankruptcy risk plays a role in the propagation of recessions by:
a. causing a backlog in the caseloads of bankruptcy courts.
b. causing firms to increase capital expenditures as the economy begins to slow.
c. forcing firms to pay down debt.
d. straining the liquidity positions of both individuals and firms, both of which try to avoid bankruptcy by maintaining liquidity.
D
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At the end of the year, the company counted the inventory and found 35 units remaining. Calculate the cost of goods sold for the year. (Round the unit costs to two decimal places and total costs to the nearest dollar.)
A company uses the weighted-average method of inventory valuation under a periodic inventory system. The company began the year with a zero inventory balance. They had the following transactions during the year. 1. Purchased 65 units at $6 per unit 2. Purchased 130 units at $6 per unit 3. Sold 110 units at $12 per unit 4. Purchased 60 units at $7 per unit 5. Sold 110 units at $13.25 per unit A) $6 B) $218 C) $1,590 D) $1,372
The rights of workers to pay only that portion of union dues that is used for collective bargaining and contract administration are called "Beck rights."
Answer the following statement true (T) or false (F)
An express trust may be found if the intent of the grantor to create a trust is unmistakable
Indicate whether the statement is true or false
All of the following payroll taxes are levied against the employer except
A. FICA taxes. B. federal unemployment taxes. C. state unemployment taxes. D. federal income taxes withheld.