Labor hours, utility costs, or training costs are considered direct costs.
Answer the following statement true (T) or false (F)
False
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Which of the following is one of the provisions of the Electronic Funds Transfer Act and Regulation E of the Federal Reserve Board?
A) A bank can send unsolicited EFTS debit cards to a consumer only if the cards are valid for use. B) If a customer notifies the issuing bank of a stolen or lost debit card within two days of the loss, the customer's liability is limited to a maximum of $500. C) A bank must provide annual statements of electronic funds transfers to customers who conduct such transactions in a given financial year. D) Other than for a telephone transaction, a bank must provide a customer with a written receipt of a transaction made through a computer terminal.
Garber Corporation had 20,000 shares of $12 par value common stock outstanding and declared a four-for-one stock split. How many new shares of stock would then be outstanding and what would be the par value of the new stock?
What will be an ideal response?
Throughout the world, union membership is highest in Spain and France.
Answer the following statement true (T) or false (F)
A company has three employees. Total salaries for the month of January were $8,000. The federal income tax rate for all employees is 15%. The FICA-social security tax rate is 6.2% and the FICA-Medicare tax rate is 1.45%. Calculate the amount of employee taxes withheld and prepare the company's journal entry to record the January payroll assuming these were the only deductions.
What will be an ideal response?