Because managers make major decisions, they have limited opportunity to influence the ethical tone of the firm.
Answer the following statement true (T) or false (F)
False
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An employee receives an hourly rate of $15, with time and a half for all hours worked in excess of 40 during the week. Payroll data for the current week are as follows: hours worked, 48; federal income tax withheld, $120; cumulative earnings for the year prior to this week, $24,500; Social security tax rate, 6% on maximum of $100,000; and Medicare tax rate, 1.5% on all earnings; state
unemployment compensation tax, 3.4% on the first $7,000; federal unemployment compensation tax, .8% on the first $7,000. What is the employer's payroll tax expense? A) $152.76 B) $91.26 C) $58.50 D) $178.50
A target corporation's attempted takeover of an acquiring corporation is referred to as the poison pill defense
Indicate whether the statement is true or false
Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its $1 par common stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. On August 1, it reissued 20 of the shares at $38 per share. What is the journal entry necessary to record the reissuance of treasury stock on July 20?
A. Debit Cash $2,300; credit Paid-in Capital, Treasury Stock $300; credit Treasury Stock $2,000. B. Debit Common Stock $2,300; credit Treasury Stock $2,000; credit Paid-In Capital, Treasury Stock $300. C. Debit Common Stock $2,300; credit Cash $2,300. D. Debit Common Stock $20; debit Treasury Stock $2,290; credit Cash $2,300. E. Debit Cash $2,300; credit Treasury Stock $2,300.
Unsought products areexpensive products that consumers purchase less frequently.
Answer the following statement true (T) or false (F)