When determining a cost structure for a business model, equipment lease payments would be an example of a _______ cost.
A. fixed
B. variable
C. semi-variable
D. static
Answer: A
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A weekly payroll summary made from labor time records shows the following data for TMC Company: Employee Classification Marital Status Hourly Rate Regular Hours Overtime Hours C. Collier Direct Married $15 40 2 S. Brown Direct Single $13 40 6 E. Anglin Direct Single $15 40 R. Kues Indirect Married $12 40 3 A. Studer Indirect Married $16 38 Other information:
a. Overtime is payable at one-and-a-half times the regular rate of pay for an employee and is distributed to all jobs worked on during the period. b. Income taxes withheld (FIT) are $50 for employees with $610 or more of gross income in the period and $40 for those who earn less. c. Each married employee contributes $60 for health insurance; single employees contribute $30. d. FICA taxes are 8% on the first $100,00 . of gross pay; FUTA and SUTA are 1% and 4%, respectively, on the first $8,00 . of gross pay. Since this is January, none of the employees have reached the limitations. Required: 1 . Determine the net pay of each employee. 2 . Prepare the journal entries for the following: a. Recording the payroll. b. Paying the payroll. c. Distributing the payroll.
The memorized sales presentation is referred to as persuasive selling presentation.
Answer the following statement true (T) or false (F)
An organization in which top-level divisions are required to heed input from a staff composed of experts of another organizational dimension in an attempt to avoid the double-reporting difficulty of a matrix organization but still mesh two or more dimensions is called a hybrid organization.
Answer the following statement true (T) or false (F)
Disgust reflects which moral foundation?
A. care/concern B. purity/sanctity C. authority/respect D. fairness/justice