Grant, an employee of Fitzgerald, Inc, has gross salary for March of $4,000
The entire amount is under the OASDI limit of $117,000, and thus subject to FICA. His year-to-date pay has already exceeded the $7,000 cap for FUTA and SUTA. Which of the following is a part of the journal entry to record the employer's payroll taxes?
A) credit to Payroll Tax Expense
B) debit to FICA Taxes Payable
C) credit to FICA-Medicare Taxes Payable
D) debit to Cash
C
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Which one of the approaches for the allowance method of accounting for bad debts emphasizes the net realizable value of accounts receivable on the balance sheet?
a. The percentage of accounts receivable approach b. The percentage of net credit sales approach c. The direct write-off method d. The uncollectible approach
The result of international companies facing the challenges of global integration and local responsiveness when they operate in foreign countries is to
a. Consider how much they should either standardize or localize their practices b. Ponder the cost benefit analysis of doing business in particular nationalities c. Assertion political potential political pressure operating on international companies d. Consider the impact of international taxes on net profit
A manager requested that HR provide his team with training in __________ because he felt they needed help with behaviors necessary to function effectively as a team.
A. goal setting B. decision making C. conflict resolution D. task evaluation
Determine which of the following population size and sample size combinations would require the use of the finite population correction factor in calculating the standard error. A) N = 150; n = 25 B) N = 1500; n = 300 C) N = 2500; n = 75 D) N = 15,000; n = 1000