________ programs typically provide a core of basic life coverage and then permit employees to choose greater coverage as part of their optional package.
A. Point-of-service
B. Flexible-benefit
C. Defined-benefit
D. Defined-contribution
Answer: B
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Angelo is dealing with stress at work. He finds that he has to expend too much mental or physical energy over too long a period of time, which is known as
A. high demand. B. high effort. C. low control. D. low reward.
The White Hot Mining Co. has the following information for last year:Labor hours12,000Tons of output produced175,000The partial productivity for labor is:
A. 1.000. B. 12.000. C. 0.069. D. 14.583.
Answer the following statements true (T) or false (F)
1. Auditors are responsible for making reasonable accounting estimates on behalf of management. 2. External auditors are required to report illegal acts to the appropriate governmental agency within 30 days of finding them. 3. All errors and irregularities, including trivial ones, should be reported to the audit committee. 4. A materiality standard does not exist for frauds.
What is the cost of marginal investment in accounts receivable under the proposed plan?
Fizzy Animators, Inc. currently makes all sales on credit and offers no cash discount. The firm is considering a 3 percent cash discount for payment within 10 days. The firm's current average collection period is 90 days, sales are 400 films per year, selling price is $25,000 per film, variable cost per film is $18,750, and the average cost per film is $21,000. The firm expects that the change in credit terms will result in a minor increase in sales of 10 films per year, that 75 percent of the sales will take the discount, and the average collection period will drop to 30 days. The firm's bad debt expense is expected to become negligible under the proposed plan. The bad debt expense is currently 0.5 percent of sales. The firm's required return on equal-risk investments is 20 percent. (Assume a 360-day year.) A) $313,460 B) $276,500 C) $246,875 D) $368,314