An organization buying its raw material from many suppliers is likely to face a decrease in
profits due to the bargaining power held by suppliers.
Indicate whether the statement is true or false
FALSE
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Like many taxes deducted from employee earnings, federal income taxes is subject to a maximum amount per employee per year
Indicate whether the statement is true or false
The right to a jury trial:
a. must be exercised in all cases b. can only be exercised by the plaintiff c. can only be exercised if both the plaintiff and defendant agree d. can only be exercised by the defendant e. none of the other choices are correct
SEC examiners of a proposed securities offering can issue a "deficiency letter" if they believe the information in a prospectus is not complete. However, if the issuer responds in a timely manner, the SEC cannot delay the sale
a. True b. False Indicate whether the statement is true or false
The Federal Monuments Commission began operations on October 1, 2020. Prepare journal form all entries that should be made in budgetary and proprietary accounts of the agency. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)1. The Congress passed, and the President signed, a one-year appropriation for fiscal year 2021 for the Monuments Commission in the amount of $30,000,000. 2. The OMB notified the agency of the following apportionments of the 2021 appropriation: first quarter, $8,000,000; second quarter, $8,000,000; third quarter, $7,000,000; and fourth quarter, $7,000,000. 3. The Commission Director allotted $1,500,000 for the operations of October 2020. 4. Commitments for goods and services not yet ordered or
received were recorded in the amount of $1,300,000. 5. Purchase orders and contracts for services were recorded for the month of October 2020 in the amount of $1,250,000. What will be an ideal response?