The value of a nontaxable fringe benefit is different for each employee because employees have different financial needs and consumption preferences.
Answer the following statement true (T) or false (F)
True
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Which of the following is a major source of pressure on unions to decrease the complexity and legalistic nature of collective bargaining contracts?
A. Increased frequency of strikes B. Declining unionization rates C. Need for increased workplace flexibility D. Increasing financialization of business
Which of the following is a correct statement about commercial paper?
A. Commercial paper is a type of secured promissory note issued by banks to small firms. B. The use of commercial paper is limited to a relatively small number of firms that are exceptionally good credit risks. C. Maturities of commercial paper vary from two years to four years. D. The interest a firm pays on its commercial paper normally is higher than the interest it pays on its long-term bonds. E. Commercial paper normally is issued by firms with high financial risks.
As of December 31, Year 1, Gant Corporation had a current ratio of 1.29, quick ratio of 1.05, and working capital of $18,000. The company uses a perpetual inventory system and sells merchandise for more than it cost. On January 1, Year 2 Gant paid $3,600 on accounts payable. Which of the following statements is not true?
A. Gant's working capital will remain the same. B. Gant's quick ratio will increase. C. Gant's current ratio will increase. D. Gant's quick ratio will increase and its current ratio will decrease.
Google introduced Google Home, a smart speaker/home automation device. For Google, Google Home represents a strategy of
A. question mark. B. diversification. C. product development. D. market penetration. E. market development.