Identify a true statement about the provisions of the Family and Medical Leave Act (FMLA).
A. Businesses are required to offer up to 26 weeks of unpaid leave to employees who provide care to wounded U.S. military personnel.
B. It is not mandatory for employers to give leave takers their previous jobs (or comparable positions) when their leaves are over.
C. The act clearly defines "qualifying exigency," and it does not include overseas military assignments, recalls to active duty, and troop mobilizations.
D. The act exempts employers with more than 50 employees from providing FMLA leave to immediate family members of soldiers of the National Guard.
Answer: A
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The profits and losses of the C corporation are passed directly to shareholders and are not subject to corporate? taxes, while the S corporation must first pay taxes on any profits before passing the? after-tax profits on to shareholders.
a. true b. false
During the year, Dempsey Corporation's current ratio increased while its quick ratio decreased. Which of the following could help explain this situation?
A) A decrease in accounts receivable during the year B) An increase in accounts payable during the year C) The sale of short-term investments during the year D) An increase in inventory levels during the year
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$)2018Net sales $84,000 Operating costs except depreciation78,120 Depreciation 1,680 Earnings before interest and taxes (EBIT)$4,200 Less interest 900 Earnings before taxes (EBT) $3,300 Taxes 1,320 Net income $1,980 Other data: Shares outstanding (millions) 500.00 Common dividends (millions of $) $693.00 Int rate on notes payable & L-T bonds6% Federal plus state income tax rate40% Year-end stock price $47.52 ? Refer to Exhibit 4.1. What is the firm's ROA? Do not round your intermediate calculations. A. 3.30% B. 2.61% C. 2.97% D. 3.04% E. 3.10%
The following information relates to the Falcon Division of Xenon Enterprises: Interest rate on debt capital 8%Cost of equity capital 12%Market value of debt capital$50millionMarket value of equity capital$80millionIncome tax rate 30%On the basis of this information, Falcon's weighted-average cost of capital is closest to:
A. 8.3%. B. 7.3%. C. 10.8%. D. 9.5%. E. None of the answers is correct.