A payroll program multiplying a person's pay rate by 2 for overtime instead of 1.5 is an example of ____.
A. mishandling of computer output
B. errors in computer programs
C. data-entry errors
D. improper installation and setup of computer systems
Answer: B
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A prepaid expense is
A) a payment received by the company in advance for the future sale of inventory or performance of services B) an item of goods or services purchased by the company for use in its operations but not fully consumed by the end of the accounting period C) an expense that has been incurred during the accounting period but has been neither paid nor recorded D) an item that has been earned by the company during the accounting period but has been neither received nor recorded
Solvency ratios are used to assess a company's:
A. Profitability. B. Long-term debt paying ability. C. Efficiency in use of its assets. D. Short-term debt paying ability.
Most states' laws require tenants to continue to pay rent even if the leased premises are destroyed
Indicate whether the statement is true or false
Nontariff barriers are the least obstructive obstacles to importation as compared to tariffs
Indicate whether the statement is true or false