Marion Manufacturing had the following cash flows for the current year. The company uses the direct method in preparing the statement of cash flows. Cash receipts from issuance of stock$60,000 Bonds payable issued at face value 250,000 Cash dividends received from long-term investments 4,500 Cash paid for wages 20,000 Cash paid for dividends 5,000 Cash received from customers 42,500 Cash paid for other operating expenses 19,500 Cash paid to purchase equipment 100,000 What is the net cash provided by (used in) operating activities?
A. $3,000
B. ($37,500)
C. $7,500
D. ($2,000)
Answer: C
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To ensure that only authorized payments are made, there should be ______________________________ whereby the accounts payable records on which the payment is based should created by an entity other than the entity that executes the payment
Fill in the blank(s) with correct word
Which of the following data collection methods is generally the least flexible?
A) telephone interviewing B) face-to-face interviewing C) mail questionnaires D) online questionnaires E) mall intercepts
Santa Barbara Express has 4 sales employees, each of whom earns $5,000 per month and is paid on the last working day of the month. Each employee's wages are subject to FICA social security taxes of 6.2% and Medicare taxes of 1.45% on all wages. Withholding for each employee also includes federal income tax of 16% and monthly medical insurance premiums of $110 for each employee. a. Prepare the general journal entry to accrue the monthly sales salaries expense at January 31.b. The employer payroll taxes for Santa Barbara Express include FICA taxes, federal unemployment taxes of 0.6% of the first $7,000 paid each employee, and state unemployment taxes of 5.4% of the first $7,000 paid to each employee. Prepare the journal entry to record the employer's payroll taxes at January 31 for Santa
Barbara Express. (Assume that none of the employees has reached the unemployment limit of $7,000.) What will be an ideal response?
Merely observing data on a protected computer without authorization does not amount to a federal crime
Indicate whether the statement is true or false