A pay structure specifically designed to energize, direct, or control employees' behavior is known as
A. wage.
B. monthly salary.
C. incentive pay.
D. fixed pay.
E. annual salary.
Answer: C
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Under the periodic inventory system, the Purchases account is used to accumulate all purchases of merchandise for resale
Indicate whether the statement is true or false
In October 2014, Pollock Company exchanged a used packaging machine having a book value of $240,000 for a new machine and paid a cash difference of $30,000 . The market value of the used packaging machine was determined to be $280,000 . The exchange had commercial substance. In its income statement for the year ended December 31 . 2014, how much gain should Pollock recognize on this exchange?
a. $0 b. $10,000 c. $30,000 d. $40,000
Which is correct?
a. The audience were growing restless. b. The audience was growing restless.
Bankruptcy legislation serves a dual purpose. What are these purposes?