Which of the following is true of magnetic tape?
A) It is made of metal.
B) It stores data sequentially.
C) It resembles compact discs.
D) It is a main memory device.
B
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If a drawer is negligent and contributes to the forgery or alteration of a check, the ________.
A. bank is liable to the drawer for the amount B. check is not payable from the customer's account C. bank must pay the instrument out of its own funds D. bank can charge the drawer for the amount
The function of sunlight in photosynthesis is to
A. split water releasing oxygen. B. fix O2 in the Calvin cycle. C. combine carbon dioxide and water to form ATP and NADPH. D. excite electrons in chlorophyll. E. reduce NADPH to NADP.
Margo Dhang is paid $8 per hour plus time-and-one-half for hours over 40 for a given week. During the week of January 21, Margo worked 46 hours. Social security taxes are 6.2 percent, Medicare taxes are 1.45 percent, $50 is withheld for federal income
taxes, $12 is withheld for state income taxes, and $15 is withheld for medical insurance. In addition, Margo's employer must pay Social Security taxes of 6.2 percent, Medicare taxes of 1.45 percent, state unemployment taxes of 5.4 percent, and federal unemployment taxes of 0.8 percent. Calculate (a) Margo's gross earnings, (b) Margo's take-home pay, (c) the employer's payroll taxes expense, and (d) the total cost of employing Margo for the week. Round all amounts to the nearest penny.
Which of the following is not considered a current asset?
a. Prepaid expenses b. Marketable securities c. Inventories d. Advance billings