A surety or guarantor may call on the creditor to proceed to compel the payment of the debt

Indicate whether the statement is true or false


True

Business

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A corporation has 2,000 shares of $50 par, 10% preferred stock, and 6,000 shares of common stock outstanding. The net income for the year is $250,000 . The earnings per share of common stock would be

a. $10.83. b. $31.25. c. $40.00. d. $41.67.

Business

A company has 90 employees and a weekly payroll of $117,000. The FICA-social security tax withheld totals $7,254 and the FICA-Medicare tax withheld totals $1,696.50. The total withholding for federal income tax is $16,500. Prepare the journal entry to accrue this week's salaries expense and withholdings.

What will be an ideal response?

Business

Agents and brokers are wholesalers that take title to the merchandise and products that they sell.

Answer the following statement true (T) or false (F)

Business

All of the following are sources of primary data EXCEPT:

A. panels. B. government publications. C. social media. D. observational data. E. experiments.

Business