Before doing a vulnerability test, a security employee must ensure that ________
A) doing a vulnerability test is in his or her job description
B) no damage will be done
C) he or she has a specific contract to do a specific test
D) the test is a surprise to everyone, including the tester's superior, who may be engaged in illicit activities
Answer: C
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Accurate Reports has 50 employees each working 40 hours per week and earning $25 an hour. Federal income taxes are withheld at 15% and state income taxes at 6%. FICA taxes are 7.65% of the first $128,400 earned per employee and 1.45% thereafter. Unemployment taxes are 3.8% of the first $7,000 earned per employee.1. Compute the total salaries expense, the total withholdings from employee salaries, and the actual payroll payment (salaries payable) for the first week of January.2. Compute the total payroll tax expense Accurate Reports will pay for the first week of January.
What will be an ideal response?
The following table represents the actual vs. forecasted amount of new customers acquired by a major credit card company:
Month Actual Forecast Jan 1024 1010 Feb 1057 1025 March 1049 1141 April 1069 1053 May 1065 1059 (a) What is the tracking signal? (b) Based on the answer in part (a), comment on the accuracy of this forecast.
An increase in accounts receivable turnover for a firm due to an increase in collection efforts will ________
A) decrease the firm's marginal investments in accounts receivable B) increase the firm's marginal investments in accounts receivable C) decrease the firm's collection expense D) increase the firm's bad debt expense
Pure Life Corporation has just finished preparing a consolidated balance sheet, income statement, and statement of changes in retained earnings for 20X9. The following items are proposed for inclusion in the consolidated cash flow statement: Decrease in accounts receivable$15,000 Increase in accounts payable 18,000 Increase in inventory 20,000 Increase in bonds payable 50,000 Equipment purchased 200,000 Common stock repurchased 40,000 Depreciation reported for current period 50,000 Gain recorded on sale of equipment 12,000 Book value of equipment sold 58,000 Goodwill impairment loss 12,000 Sales 800,000 Cost of goods sold 350,000 Dividends paid by parent 45,000 Dividends paid by subsidiary 20,000 Consolidated net income for the year 400,000 Income assigned
to the noncontrolling interest 20,000 Pure Life holds 75 percent of the voting stock of Shane Pharmaceuticals, acquired at book value on June 21, 20X6. On the date of the acquisition, the fair value of the noncontrolling interest was equal to 25 percent of the book value of Shane.Based on the preceding information, what amount will be reported in the consolidated cash flow statement as net cash provided by operating activities for 20X9? A. $335,000 B. $463,000 C. $350,000 D. $421,000