Use this information to answer the following question. The following totals for the month of September were taken from the payroll register of Meadors Company: Salaries expense $24,000 Social security and Medicare taxes withheld 1,100 Income taxes withheld 5,000 Medical insurance deductions 500 Life insurance deductions 400 Salaries subject to federal and state unemployment taxes of 6.2 percent
8,000 The amount of liabilities relating to payroll, other than Salaries Payable, is
A) $8,356.
B) $7,496.
C) $7,256.
D) $8,596.
D
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An employee at CellWorld who produces 10 phone components in an hour earns $9 ($0.90 ×10) per hour, while another employee who produces 15 components earns $13.50 ($0.90 ×15). This is an example of a
A. direct commission plan. B. differential piece rate plan. C. straight piecework plan. D. profit-sharing plan. E. commission plan.
All attempts to target marketing to children, minorities, or other special segments are discriminatory and unethical
Indicate whether the statement is true or false
Which of the following is a feature of a control chart?
a. a center line b. an upper specification limit c. a lower specification limit d. the modal value of a process defect
On January 1, 2017, Agee Company issued $85,000 of five-year, 8% bonds when the market interest rate was 12%
The issue price of the bonds was $62,401. Agee uses the effective-interest method of amortization for bond discount. Semiannual interest payments are made on June 30 and December 31 of each year. Which of the following is the correct journal entry to record the first interest payment? (Round all amounts to the nearest whole dollar.) A) Interest Expense 5,100 Cash 5,100 B) Interest Expense 3,744 Discount on Bonds Payable 344 Cash 3,400 C) Interest Expense 3,400 Discount on Bonds Payable 1,700 Cash 5,100 D) Interest Expense 5,100 Discount on Bonds Payable 3,400 Cash 1,700