A major film company discovers a small company is making illegal copies of its movies and selling them for very low prices. Which of the following remedies would the film company NOT seek from the court?
A) an accounting of profits
B) an order of specific performance
C) an Anton Piller order
D) punitive damages
E) a deliver up order
B
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Why is interviewing considered a relational form of communication?
What will be an ideal response?
While the Sarbanes-Oxley Act prohibits auditors from providing non-accounting services to their audit clients, they are not prohibited from performing such services for non-audit clients or privately held companies
Indicate whether the statement is true or false
Karl, an employee of Smith Electric, 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. He is also subject to federal income tax at a rate of 18%. Karl has a deduction of $320 for health insurance and $80 for United Way. Provide the journal entry to record salaries expense and payroll withholdings. (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) What will be an ideal response
Knight Moves is considering two alternative financing plans. The firm is expected to operate at the $75 million EBIT level. Under Plan D (debt financing) EPS is expected to be $2.25, and under Plan E (equity financing) EPS is expected to be $1.82. If the market is expected to assign a P/E ratio of 12 to the debt plan and 15 to the equity plan, which plan should Knight pursue?
A) debt B) equity C) indifferent between the two alternatives D) neither is satisfactory