Which of the following is NOT a reason for companies to enter an IJV?
a) Gain local knowledge
b) Integrate organizational structures
c) Gain rapid market entry
d) Increased economies of scale
b) Integrate organizational structures
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The law that prohibited banks from engaging in investment banking was the
A. Gramm-Leach-Bliley Act. B. Glass-Steagall Act. C. McFadden Act. D. Garn-St. Germain Act.
John, an employee of Smith Electric, Inc., has gross salary for March of $4,000. The entire amount is under the OASDI limit of $118,500 and thus subject to FICA. He is also subject to federal income tax at a rate of 18%. John has a deduction of $320 for health insurance and $80 for United Way. Provide the journal entry to record salaries expense and payroll withholdings. (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) Salaries will be paid at a later date. Omit explanation.
What will be an ideal response?
The Paid-in Capital, Treasury Stock account can have a zero or credit balance.
Answer the following statement true (T) or false (F)
The standard quantity of materials allowed is computed by the equation
A) unit quantity standard x standard output. B) unit quantity standard x actual input. C) unit quantity standard x standard input. D) unit quantity standard x actual output. E) not shown here.