The benefits of ________ average about two-thirds of an employee's weekly wage and continue for the term of a disability.
A. the Social Security Act
B. workers' compensation
C. unemployment insurance
D. the Employee Retirement Income Security Act
Answer: B
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An asset created by prepayment of an insurance premium is:
A. Recorded as a credit to Unearned Revenue. B. Not recorded in the accounting records until the insurance period expires. C. Recorded as a debit to Prepaid Insurance. D. Recorded as a credit to Prepaid Insurance. E. Recorded as a debit to Unearned Revenue.
_______ was the father of scientific management.
A. Frank Gilbreth B. Tom Gallagher C. Abraham Maslow D. Peter Drucker E. Frederick Taylor
Springfield Company purchases new factory equipment. Per the terms of the contract, Springfield must pay the freight charges, will receive a manufacturer's discount off the invoice price on the equipment, and will have some setup expenses to pay. As a result, the acquisition cost of equipment recorded on Springfield's books will be the sum of the invoice price
a. less any discounts, plus transportation costs, installation charges, and any other costs incurred before the equipment is ready for use. b. less any discounts and transportation costs, plus installation charges and any other costs incurred after the equipment is ready for use. c. plus transportation costs, installation charges, and any other costs incurred before the equipment is ready for use. d. less transportation costs, installation charges, and any other costs incurred after the equipment is ready for use. e. less any discounts and installation charges, plus transportation charges and any other costs incurred after the equipment is ready for use.
The SDR is
A. special drawing rights, an international reserve asset. B. a special deposit for corporate reimbursement. C. a special deficit refund, made to compensate for currency devaluation. D. a paper credit issued by the Bank for International Settlements.