Social Security provides the average retired wage earner (who is married) with _________ percent of the wages he or she was earning in the year before retirement.
a. 20 to 40
b. 30 to 50
c. 40 to 60
d. 60 to 80
e. 100
Answer: C. 40 to 60
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Financing activities are needed to provide the funds to start a business
a. True b. False Indicate whether the statement is true or false
A share option plan will be defined as compensatory if it has which one of the following characteristics?
A) The discount from market price for the stock option is greater than either what would be reasonable in an offer of stock to shareholders or others or the per-share amount of issuance costs avoided by not issuing the stock to the public. B) Employees have 31 days or less from the date the purchase price is set to decide whether or not to enroll in the plan. C) Almost all full-time employees are able to participate in the plan. D) The purchase price is based solely on the market price of the stock on the purchase date.
Regarding trade in services under NAFTA: A) no NAFTA country can require a North American service provider to have a residence or office within its border
B) the most important impact of NAFTA's financial services provisions is that they open Mexican financial service industries to investment by Canada and the United States. C) NAFTA does not affect regulations applied to purely domestic truck or bus transportation. D) NAFTA eliminated all tariffs on telephones, cellular phones, and trade in communications equipment in 2004. E)all of the above are correct.
Moises Corporation manufactures a single product. Last year, the company's variable costing net operating income was $68,000 and ending inventory decreased by 900 units. Fixed manufacturing overhead cost per unit was $6 in both beginning and ending inventory.Required:Determine the absorption costing net operating income for last year.
What will be an ideal response?