________ means that a general hearing was held on the person's mental competency, and the court determined that the person was of unsound mind and appointed a guardian or conservator of the person's estate.
A. Incapacitation
B. Ratification
C. Emancipation
D. Adjudication
Answer: D
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An employee earned $4,600 in February working for an employer. The FICA tax rate for Social Security is 6.2% of the first $127,200 earned during each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The employee has $644 in federal income taxes withheld and has voluntary deductions for health insurance of $50 and contributes 10% of gross pay to a retirement plan each month. The employer pays the $200 remainder of the health insurance premium and an equal amount of contribution to the retirement fund. What is the amount of net pay for the employee for the month of February?
A. $3,094.10 B. $2,634.10 C. $3,446.00 D. $3,604.10 E. $3,496.00
Utilizing past cost and expense ratios (percent-of-sales method) when preparing pro forma financial statements will tend to ________
A) understate profits when sales are decreasing B) understate profits when sales are increasing C) overstate profits when sales are increasing D) neither understate nor overstate profits
Indicate whether each of the following statements is true or false.Standards for direct materials and direct labor should be set by a company's accounting department. ______Standards for direct materials and direct labor should be reevaluated frequently in order to remain relevant and useful. ______Historical information is of little use in establishing standards. ______A standard represents what should be, not what is or was. ______Managers should consider behavioral implications when developing standards. ______
What will be an ideal response?
Meals served would not be an appropriate measure of capacity for a restaurant
Indicate whether the statement is true or false