Marty Burgess works for Hyrolated Sports. His compensation is based on sales of store products to customers. Which type of pay basis represents Marty’s pay?
What will be an ideal response?
Commission
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The United States is very much an ________ -oriented culture, where being independent and assertive is valued and praised; while group-oriented cultures favor the superiority of the group.
Fill in the blank(s) with the appropriate word(s).
The income statements and balance sheets of service, retailing, and manufacturing businesses tend to differ.Required:A. Which of these businesses will disclose a cost-of-goods-sold figure on the income statement? Why?B. Briefly describe the difference between a retailing firm and a manufacturer's disclosure of inventories on the balance sheet.
What will be an ideal response?
All of the following are true regarding SEC Rule 10b-5 except: ______
A) 10b-5 is the principal antifraud rule relating to the secondary distribution of securities. B) 10b-5 provides that a civil action for damages may be brought by any private investor who purchased or sold a security and was injured because of false, misleading, or undisclosed information. C) 10b-5 applies to all securities, whether registered or not, as long as use is made of the mail, interstate commerce, or a national stock exchange. D) 10b-5 does not require a plaintiff to show reliance on the misrepresentations.
The partners Randolph and Harrison agree to divide net income of $24,800 in the ratio of 3 to 2. What is each partner's share of the net income?