Only the lowest levels of management can be evaluated by the use of a budget
Indicate whether the statement is true or false
F
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The chief executive officer earns $10,100 per month. As of May 31, her gross pay was $50,500. The tax rate for Social Security is 6.2% of the first $128,400 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7000 of an employee's pay. What is the amount of FICA-Social Security withheld from this employee for the month of June?
A. $7420.47 B. $270.68 C. $626.20 D. $292.90 E. $1252.40
Which of the following is a strategy that a marketing manager is most likely to use in the market growth stage?
A. moving toward intensive distribution B. penetration pricing to develop customer loyalty C. developing new ways to use the product D. building brand familiarity E. price slashing
Which entry would be the correct entry to record that a hospital has provided patient services for $200,000, of which 25% will be billed to a third party? DEBITCREDITA.Accounts Receivable-Patients $200,000Patient Service Revenue $200,000B.Accounts Receivable-Patients $150,000Accounts Receivable-Third Party $50,000Patient Service Revenue $200,000C.Accounts Receivable-Patients $50,000Accounts Receivable-Third Party $150,000Patient Service Revenue $200,000D.Accounts Receivable-Patients $200,000Patient Service Revenue $50,000Accounts Receivable - Third Party $150,000E.Patient Service Revenue $200,000Accounts Receivable-Patients $150,000Accounts Receivable-Third Party $50,000
A. Option B. B. Option C. C. Option A. D. Option E. E. Option D.
Ryner Corporation is considering three investment projects: S, T, and U. Project S would require an investment of $20,000, Project T of $69,000, and Project U of $83,000. No other cash outflows would be involved. The present value of the cash inflows would be $23,200 for Project S, $77,970 for Project T, and $94,620 for Project U. Rank the projects according to the profitability index, from most profitable to least profitable. (Ignore income taxes.)
A. S, U, T B. U, T, S C. T, S, U D. U, S, T