The gross profit method estimates the ending inventory and cost of goods sold by using the firm's normal gross profit as a percentage of net sales
a. True
b. False
Indicate whether the statement is true or false
True
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Transportation charges paid to ship purchases are credited to Freight-In
Indicate whether the statement is true or false
Under tax depreciation, estimated useful life and residual value must be strictly adhered to
Indicate whether the statement is true or false
A 55 year old supervisor who has always received good performance appraisals is downsized. Two younger (42 and 45 year old) supervisors from the same department, whose performance had been rated lower, were nonetheless retained. The employer says that it had to save money and that the older supervisor earned considerably more money (he did). If the termination is legally challenged, a court would
most likely decide: a. For the employer because employee could not establish a prima facie case of age discrimination under the ADEA b. For the employer because the employees retained were also over 40 years of age c. For the employer because it had a lawful, non-discriminatory motive for the termination d. For the employee because the employer has engaged in disparate treatment based on age e. For the employee because salary level is a neutral criterion that creates adverse impact against older employees
Wilma was an employee of the Electric Storage Battery Company. She was fired. She claimed that she was fired because she was a member of a labor union. The employer asserted that she was fired because she was a poor worker. Wilma filed an unfair labor
practice complaint with the National Labor Relations Board. Its examiner held a hearing at which evidence was presented showing that Wilma was a poor worker. Other evidence presented showed that the employer was opposed to labor unions. The Board decided to believe Wilma's witnesses and concluded that she had been fired because she belonged to the union. Can the employer appeal this decision?