On July 8, Jones Inc issued an $80,000, 6%, 120-day note payable to Miller Company. Assume that the fiscal yearof Jones ends July 31 . Using the 360-day year, what is the amount of interest expense recognized by Jones in thecurrent fiscal year?
a. $700
b. $4,200
c. $307
d. $1,400
c
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The Stafford Corporation payroll for the first week in March was $35,000 . The amount of income tax withheld was 15 percent and the FICA, state unemployment, and federal unemployment tax rates were 8 percent, 5 percent, and 1 percent, respectively. Calculate the amount of the employer's payroll taxes
a. $4,900 b. $5,250 c. $8,050 d. $4,550
A popular performer is scheduled to appear at a major city. The promoter is deciding between two venues, the larger of which costs $20,000 to rent and the smaller of which costs $12,000 to rent
Ticket prices for the smaller venue are $20, but the promoter is unsure what to charge per ticket for the larger venue. If exactly 1000 customers arrive, what percentage change in ticket prices would make the profit at the large venue identical to that of the smaller venue?
Felicity and Gideon want to form and do business as Home Healthcare Corporation. A corporation is
A. a natural being. B. a tangible thing. C. an artificial person. D. a visible radiance.
Turning into a process-centric organization will result in:
A) employees turning into professionals. B) process owners being established within an organization. C) employees taking a more holistic view of work. D) All of the above