Corporations pay double taxes, on income and shareholders on dividends
Indicate whether the statement is true or false
True
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When a business factors its accounts receivables, the business ________.
A) uses the receivables as security for a loan B) no longer has to deal with the collection of the receivables from the customers C) receives the total amount of the receivables from the factor D) receives cash, less an applicable fee, after the factor collects from the customers
Which one of the following is a more serious concern in terms of an adverse variance from budget?
A. a negative variance of $10,000 in budget expenditures B. a $10,000 shortfall in value earned on the project to date C. a positive variance of $10,000 in budget expenditures D. a $10,000 surplus in value earned on the project to date
When the seller takes on part or all of the cost of shipping, it is called ________
A) freight absorption B) F.O.B. factory C) F.O.B. origin D) uniform delivered E) basing-point
A pay structure in which more efficient workers earn higher wages, as suggested by Frederick W. Taylor, is known as a(n) _____ system
A. scale B. increasing wage C. differential rate D. wide wage E. merited pay