A nonexempt, salaried worker who received $46,500 in annual compensation for a 40-hour standard workweek has an hourly rate of ________. (Round to nearest cent)
A) $23.26
B) $22.86
C) $22.64
D) $22.36
D) $22.36
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At the end of the accounting period, the correct entry in the general journal to adjust for ending inventory is to
a. debit Merchandise Inventory and credit Unearned Revenue. b. debit Income Summary and credit Merchandise Inventory. c. debit Merchandise Inventory and credit Income Summary. d. debit Other Revenue and credit Income Summary.
Ben is the manager of a branch of a large bank. He has regularly taken money from customers' accounts for his own use and changed the bank records to cover his actions. Ben is guilty of
A. a Ponzi scheme. B. racketeering. C. embezzlement. D. a conspiracy.
In his article, "Innovative Imitation," Theodore Levitt argues that ________
A) imitation is wrong and should be punished B) product imitation might be as profitable as product innovation C) innovation is not possible without substantial imitation D) innovation cannot begin unless dissatisfaction with imitation occurs E) imitation should be against the law because of the intellectual property decision involved
Drake enters into a contract with Eve, who claims to have access to a stock-trading algorithm that will multiply an investment many times over. When the results do not match this promise, Drake learns that Eve does not have access to any unique software and files a suit against her, alleging fraud. Proof of an injury is required to
a. recover damages. b. rescind the contract. c. undo Eve's influence. d. punish the defendant.