Refer to the following selected financial information from Texas Electronics. Compute the company's days' sales uncollected for Year 2. (Use 365 days a year.) Year 2 Year 1Cash$37,500 $36,850 Short-term investments 90,000 90,000 Accounts receivable, net 85,500 86,250 Merchandise inventory 121,000 117,000 Prepaid expenses 12,100 13,500 Plant assets 388,000 392,000 Accounts payable 113,400 111,750 Net sales 711,000 706,000 Cost of goods sold 390,000 385,500
A. 46.2.
B. 43.9.
C. 42.3.
D. 80.0.
E. 113.3.
Answer: B
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Claire finds herself becoming annoyed when people she knows don’t tell her information directly but tend to “beat around the bush” a bit. This indirect communication annoys Claire because she is which type of listener?
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Assume payroll for Kicker Sound Systems for the month of January was $150,000 and the following withholdings, fringe benefits, and payroll taxes apply: Federal and state income taxes withheld$38,000Health insurance premiums (Blue Cross) paid by employer12,000Contribution to retirement plan (Fidelity) paid by employer15,000FICA tax rate (Social Security and Medicare)7.65%Federal and state unemployment tax rate3.80%Assume that Kicker has paid none of the withholdings or payroll taxes by the end of January (record them as payables) and that no employee's cumulative wages exceed the relevant wage bases. Required: 1. Record the employee salary expense, withholdings, and salaries payable.2. Record the employer-provided fringe benefits.3. Record the employer payroll taxes.
What will be an ideal response?
If an element's position is declared as absolute then ________
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In American Trucking Association v. Environmental Protection Agency, where the American Trucking Association challenged the EPA's approval of California's regulation of engines that run transportation refrigeration units, the Court of Appeals denied the ATA's petition for review because:
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