Offering discounts to accelerate the collection of accounts receivables in an example of which cash-related activity in the cash flow cycle?
A) Operating activity
B) Profitability activity
C) Investing activity
D) Financing activity
A
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Use this information to answer the following question. The following totals for the month of September were taken from the payroll register of Meadors Company: Salaries expense $24,000 Social security and Medicare taxes withheld 1,100 Income taxes withheld 5,000 Medical insurance deductions 500 Life insurance deductions 400 Salaries subject to federal and state unemployment taxes of 6.2 percent
8,000 The entry to record the accrual of employer's payroll taxes would include a debit to Payroll Taxes and Benefits Expense for A) $2,496. B) $1,100. C) $1,596. D) $496.
Which of the following statements is true regarding callable bonds?
a. A company might call its bonds if interest rates have dropped. b. Callable bonds give the purchaser the right to buy back and retire the bonds at a specified price, usually above the face value, before maturity. c. If bond interest rates rise, a company can call its bonds and reissue debt at a lower interest rate. d. All of these are true.
Aligned goals start with the
A. organizational structure. B. strategic plan. C. organizational culture. D. hierarchy of authority. E. organizational climate.
Mark borrows $15,000 to buy a new car. His loan has an annual interest rate of 6.5%, compounded monthly, and his monthly payment is $293.49. How much will he have paid in interest when he has finished repaying his loan in 60 months?
A) $43.49 B) $1,575.50 C) $2,609.40 D) $17,609.40