The amount of federal income taxes withheld from an employee's paycheck is determined by:
A. Tax tables provided by the state in which the employee works.
B. The employer's merit rating.
C. Multiplying the gross pay by 6.2%.
D. Current earnings for the pay period and number of withholding allowances the employee claims.
E. The amount of social security taxes withheld.
Answer: D
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The formula for forecasting inventory is ____________ /365 X
Fill in the blank(s) with correct word
Which one of the following methods considers the time value of money in evaluating alternative capital expenditures?
A. Accounting rate of return. B. Return on average investment. C. Cash flow method. D. Payback period. E. Net present value.
An oral warranty made by the seller before or at the time of a sale that is contrary to the terms stated in the written warranty is not binding
Indicate whether the statement is true or false
Stover Corporation, a U.S. based importer, makes a purchase of crystal glassware from a firm in Switzerland for 39,960 Swiss francs, or $24,000, at the spot rate of 1.665 Swiss francs per dollar. The terms of the purchase are net 90 days, and the U.S. firm wants to cover this trade payable with a forward market hedge to eliminate its exchange rate risk. Suppose the firm completes a forward hedge at the 90-day forward rate of 1.682 Swiss francs. If the spot rate in 90 days is actually 1.615 Swiss francs, how much in U.S. dollars will the U.S. firm have saved or lost by hedging its exchange rate exposure? Do not round the intermediate calculations and round the final answer to the nearest cent.
A. $1,212.29 B. $926.47 C. $985.60 D. $965.89 E. $916.61