A bank's reserves equal its
A. government securities.
B. transactions deposits.
C. vault cash plus deposits at the Federal Reserve.
D. cash assets plus government securities.
Answer: C
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According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social security taxand $500,000 was subject to the 1.5% Medicare tax. Federal income tax withheld was $98,000 . Also, $15,000 wassubject to state (4.2%) and federal (0.8%) unemployment taxes. The journal entry to record accrued salarieswould include a
a. debit to Salaries Payable of $313,000 b. credit to Salaries Payable of $364,500 c. debit to Salaries Expense of $364,500 d. credit to Salaries Expense of $313,000
Why is psychographic data subjective and open to interpretation?
A) There is no standardized format for quantifying psychographics. B) Freudian psychology has been largely debunked. C) There is no link between demographics and psychographics. D) Most psychographic research is performed in university research labs. E) Neuroscience has rendered psychographics irrelevant.
What is the first step in examining a legal case using IRAC method?
A) application of the law to the facts of a case using critical thinking B) identification of a legal issue that is to be answered C) identification of the law that is to be applied to a case D) reaching a conclusion
Which of the following is the first step pursued by an administrative agency in carrying out its adjudicative function in individual cases?
A) The agency against whom the complaint is made submits themselves to a hearing and decision by the administrative law judge. B) The agency files a complaint against the party with an administrative law judge (ALJ). C) The agency notifies the party against whom the complaint is made and conducts an investigation into the merits of the complaint. D) The agency negotiates with the party against whom the complaint is made to see if it can get the party to voluntarily stop the violation.