Discuss the corporate social media policies implemented by organizations and the laws that affect those policies.
What will be an ideal response?
In an effort to address employee usage of social media, many companies have implemented social media policies to protect their professional reputations, as well as proprietary information from exposure. In creating policies, organizations need to ensure they do not infringe upon the legally protected rights of their employees. According to Section 7 of the National Labor Relations Act (NLRA), organizations cannot restrict employees’ right to communicate with coworkers about working terms and conditions. Depending on the type of work-related matter employees discuss via social media, their communications may be considered protected concerted activity and within the employees’ right to debate. As such, many organizations have included nondisparagement clauses. These policies can range from requiring employees to not make disparaging remarks about the company to not being allowed to identify that they are employed by the company and, in extreme cases, completely banning employees from posting anything organizationally related. Nevertheless, it is important to understand that private-sector companies that place heavy restrictions and all-out bans on their employees run the same risk of violating Section 7 of the NLRA.
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Which one of the following statements concerning earnings per share amounts is true?
A) Earnings per share related to discontinued operations must be reported on the income statement. B) Earnings per share related to extraordinary items must be reported on the income statement. C) Earnings per share related to continuing operations must be reported on the income statement. D) Earnings per share related to the cumulative effect of a change in accounting principle must be reported on the income statement.
On January 1, a company issues bonds dated January 1 with a par value of $300,000. The bonds mature in 5 years. The contract rate is 9%, and interest is paid semiannually on June 30 and December 31. The market rate is 10% and the bonds are sold for $288,413. The journal entry to record the first interest payment using the effective interest method of amortization is:
A. Debit Interest Payable $13,500; credit Cash $13,500. B. Debit Interest Expense $14,421; credit Premium on Bonds Payable $921; credit Cash $13,500. C. Debit Interest Expense $12,579; debit Discount on Bonds Payable $921; credit Cash $13,500. D. Debit Interest Expense $12,579; debit Premium on Bonds Payable $921; credit Cash $13,500. E. Debit Interest Expense $14,421; credit Discount on Bonds Payable $921; credit Cash $13,500.
Onyemah Corporation uses the FIFO method in its process costing system. Operating data for the Brazing Department for the month of November appear below: UnitsPercent Complete with Respect to ConversionBeginning work in process inventory7,30040%Transferred in from the prior department during November37,500 Completed and transferred to the next department during November35,600 Ending work in process inventory9,20070%What were the equivalent units of production for conversion costs in the Brazing Department for November?
A. 39,120 B. 39,400 C. 35,600 D. 42,040
Collision insurance
a. usually has a deductible. b. covers damage to a vehicle regardless of the amount. c. covers only collision with another vehicle. d. provides no coverage if the driver is negligent.