Which of the following is generally NOT in the introductory paragraph of a contract?
a. The date of the contract
b. The covenants of the contract
c. The parties to the contract
d. The nature of the contract
b
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X sells to A one-half of a partnership capital interest that totals $70,000 for $40,000 . A's capital account in the partnership should be credited for $40,000
a. True b. False Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. Brilliante Pens, a 125-year-old pen manufacturer, markets very high-quality pens, many of which cost more than $1,000 each, to executives globally, always maintaining its reputation of superior value in its narrow market. Brilliante is using a cost-focus strategy. 2. For over 20 years, ABC Manufacturing produced only one product, a car part for Moraine Assembly (the Moraine, Ohio, General Motors truck factory). Because its single-product business is so closely tied to Moraine Assembly, ABC is a vulnerable company. 3. In a single-product strategy, a company makes and sells only one product within its market. An example of a businessperson following a single-product strategy is a farmer who grows and sells only corn. 4. Execution consists of questioning, analysis, and follow-through to mesh strategy with reality, align people with goals, and achieve promised results.
What are the key guidelines for managing luxury brands?
What will be an ideal response?
Jeffrey Gray is paid $6 per hour, plus double-time for hours worked on weekends. During the two-week period ending February 5, Jeffrey worked 70 hours on weekdays and 8 hours on weekends. Social Security taxes are 6.2 percent, Medicare taxes are 1.45
percent, $65 is withheld for federal taxes, $18 is withheld for state income taxes, and $24 is withheld for charities. In addition, Jeffrey's employer must pay Social Security taxes of 6.2 percent, Medicare taxes of 1.45 percent, federal unemployment taxes of 0.8 percent, and state unemployment taxes of 5.4 percent. Calculate (a) Jeffrey's gross earnings, (b) Jeffrey's net pay, (c) the employer's payroll taxes expense, and (d) the total cost of employing Jeffrey for the two-week period. Round all amounts to the nearest penny.