Amber is a strategist for a furniture manufacturer that has a large presence in the United States and Canada. By checking economic and political reports, she knows that trade and investment barriers are falling among wealthy nations. She also knows that the price of oil has dropped 50 percent in the previous two years. Based on this information, what action should Amber and her company take?
A. Amber and her employer should wait out this period of uncertainty and take action when market forces are more stable.
B. Amber and her employer need to prepare for the cost of doing business to increase.
C. They should anticipate market corrections because investment barriers and the price of oil inevitably rise.
D. They should seriously consider globalization because of the falling trade and investment barriers.
Answer: D
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A weekly payroll summary made from labor time records shows the following data for TMC Company: Employee Classification Marital Status Hourly Rate Regular Hours Overtime Hours C. Collier Direct Married $15 40 2 S. Brown Direct Single $13 40 6 E. Anglin Direct Single $15 40 R. Kues Indirect Married $12 40 3 A. Studer Indirect Married $16 38 Other information:
a. Overtime is payable at one-and-a-half times the regular rate of pay for an employee and is distributed to all jobs worked on during the period. b. Income taxes withheld (FIT) are $50 for employees with $610 or more of gross income in the period and $40 for those who earn less. c. Each married employee contributes $60 for health insurance; single employees contribute $30. d. FICA taxes are 8% on the first $100,00 . of gross pay; FUTA and SUTA are 1% and 4%, respectively, on the first $8,00 . of gross pay. Since this is January, none of the employees have reached the limitations. Required: 1 . Determine the net pay of each employee. 2 . Prepare the journal entries for the following: a. Recording the payroll. b. Paying the payroll. c. Distributing the payroll.
Which of the following costs is a mixed cost?
A) Salary of a factory supervisor B) Electricity costs of $2 per kilowatt-hour C) Rental costs of $5,000 per month plus $.30 per machine hour of use D) Straight-line depreciation on factory equipment
What is disaggregation?
What will be an ideal response?
Which of the following is a difference between common stockholders and preferred stockholders?
A. Unlike common stockholders, preferred stockholders normally have voting rights. B. Unlike common stockholders, preferred stockholders have a residual claim on assets. C. Preferred stockholders are guaranteed a better dividend than common stockholders, who may or may not receive a dividend. D. Common stockholders are assured a greater capital gain than preferred stockholders when a company experiences strong earnings.