The officers of a corporation are?
A)?chosen by the board of directors
B)?appointed by the president of the company.
C)?elected by the shareholders.
D)?appointed by the Secretary of State.
A
You might also like to view...
A deficit occurs when a company's
A) ?retained earnings are less than its common stock. B) ?dividends distributed are greater than comprehensive income. C) ?dividends and cumulative losses are greater than cumulative net income. D) ?retained earnings are less than assets minus liabilities.
Which of the following would be an appropriate use of digital medium?
A) When you want to make a formal impression B) When you are legally required to provide information in print C) When you want to stand out from the flood of electronic messages D) When you want to introduce yourself to a customer or client E) When you need a permanent, unchangeable or secure record
Keith, an employee of Sunbeam, Inc., has gross salary for May of $15,000. The entire amount is under the OASDI limit of $118,500 and thus subject to FICA. He is also subject to federal income tax at a rate of 20%. Which of the following is a part of the journal entry to record the disbursement of his net pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) (Round the final answer to the nearest dollar.)
A) debit to Cash for $10,852.50 B) credit to Cash for $10,852.50 C) debit to Employee Income Tax Payable of $10,852.50 D) debit to FICA Tax Payable of $10,852.50
Sam is an engineer who is using his computer to examine designs for function and stress and to try out variations of the design without the cost of having to build a model. He is using:
a. computer-aided manufacturing (CAM) b. computer-aided engineering (CAE) c. a flexible manufacturing system (FMS) d. materials resources planning (MRPII) e. enterprise resource planning (ERP)