During Year 1, El Paso Company had the following changes in account balances: ? The Accumulated Depreciation account had a beginning balance of $65,000 and an ending balance of $91,000. The increase was due to depreciation expense. ? The Long-Term Notes Payable account had a beginning balance of $104,000 and an ending balance of $48,000. The decrease was due to repayment of debt. ? The Equipment Account had a beginning balance of $80,000 and an ending balance of $242,000. The increase was due to the purchase of other operational assets. ? The Long-Term Investments Account (Marketable Securities) had a beginning balance of $57,600 and an ending balance of $40,000. The decrease was due to the sale of investments at cost. ? The Dividends Payable account had a beginning balance
of $38,400 and an ending balance of $32,000. There were $64,000 of dividends declared during the period. ? The Interest Payable account had a beginning balance of $7200 and an ending balance of $4000. The difference was due to the payment of interest. What is the net cash flow from investing activities?
A. $144,400 outflow
B. $170,400 outflow
C. $144,400 inflow
D. $170,400 inflow
Answer: A
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When Noah does well at golf, he credits his focus and tenacity. When Noah scores poorly, he usually blames his caddy for poor advice. Noah is likely guilty of which of the following errors?
A. halo effect B. self-serving bias C. fundamental attribution error D. recency effect
Bonds that contain a provision that allows the issuing corporation to buy back the bonds prior to the maturity date are called
a. secured bonds. b. callable bonds. c. convertible bonds. d. debenture bonds.
Margo Dhang is paid $8 per hour plus time-and-one-half for hours over 40 for a given week. During the week of January 21, Margo worked 46 hours. Social security taxes are 6.2 percent, Medicare taxes are 1.45 percent, $50 is withheld for federal income
taxes, $12 is withheld for state income taxes, and $15 is withheld for medical insurance. In addition, Margo's employer must pay Social Security taxes of 6.2 percent, Medicare taxes of 1.45 percent, state unemployment taxes of 5.4 percent, and federal unemployment taxes of 0.8 percent. Calculate (a) Margo's gross earnings, (b) Margo's take-home pay, (c) the employer's payroll taxes expense, and (d) the total cost of employing Margo for the week. Round all amounts to the nearest penny.
The ability to appreciate and respect cultural differences between you and your customers can give you a better understanding on how you should act while conducting business with them.
Answer the following statement true (T) or false (F)