________ is the practice wherein an organization gives another organization the right to use its brand name, technology, or product specifications in return for a fee usually based on sales.
A. Global sourcing
B. Exporting
C. Subsidizing
D. Licensing
Answer: D
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Indicate whether the statement is true or false
Describe three process controls that pertain to payroll application logic
John, an employee of Smith Electric, Inc., has gross salary for March of $4,000. 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 18%. John has a deduction of $320 for health insurance and $80 for United Way. Provide the journal entry to record salaries expense and payroll withholdings. (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) Salaries will be paid at a later date. Omit explanation.
What will be an ideal response?
Which of the following ratios should be used to obtain an indication of a firm's short-run ability to make capital expenditures and pay dividends?
a. Operating cash flow/total debt b. Operating cash flow per share c. Earnings per share d. Operating cash flow/cash dividends