Which of the following is a negative consequence of workers' compensation laws?
A) They have resulted in heightened tensions between employers and employees because now an employee may sue his or her employer for having suffered from an injury.
B) They have made employers less careful about employee safety than they would be if they had to fear huge damage awards.
C) They have resulted in significantly higher costs for employers.
D) They have prevented workers from being able to get promotions by taking calculated risks.
B
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Cornel and Deanna resolve their dispute over the subsidence of Cornel’s real property due to Deanna’s excavation for an irrigation pond by having a neutral third party render a binding decision. This is
A. arbitration. B. conciliation. C. intervention. D. rendition.
An adjusted trial balance for a merchandiser is given below
Debit Credit Cash $12,600 Accounts Receivable 2,400 Prepaid Rent 800 Merchandise Inventory 30,000 Accounts Payable $4,200 Salaries Payable 1,000 Notes Payable 800 Common Stock 10,000 Retained Earnings 3,800 Dividends 1,000 Sales Revenue 96,000 Sales Returns and Allowances 1,600 Sales Discounts 400 Cost of Goods Sold 23,000 Salaries Expense 21,000 Rent Expense 14,000 Selling Expense 8,500 Supplies Expense 500 ________ Total $115,800 $115,800 Give the journal entry to close the Sales Revenue account. What will be an ideal response
Martin Company purchases a machine at the beginning of the year at a cost of $60,000. The machine is depreciated using the double-declining-balance method. The machine's useful life is estimated to be 4 years with a $5,000 salvage value. The machine's book value at the end of year 3 is:
A. $30,000. B. $7,500. C. $6,875. D. $52,500. E. $45,000.
A cash flow statement is a financial report that forecasts how much cash will be available after paying expenses.
Answer the following statement true (T) or false (F)