Successful consumer relations can actually reduce costs for a company
Indicate whether the statement is true or false
TRUE
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Identify which section the statement of cash flows (using the indirect method) would present information regardingthe following activities. (Use O for operating, I for investing, or F for financing)
a. Issued common stock b. Redeemed bonds c. Issued preferred stock d. Purchased patents e. Net income f. Paid cash dividends g. Purchased treasury stock h. Sold long-term investment i. Sold equipment j. Purchased buildings k. Issued bonds
Nickolls Corporation has provided the following financial data: Cash$188,000 Accounts receivable, net$285,000 Total current assets$709,000 Total current liabilities$167,000 The company's acid-test (quick) ratio is closest to:
A. 2.83 B. 3.10 C. 4.25 D. 2.47
The average monthly sales for a retailer always result in a monthly sales index of 100
Indicate whether the statement is true or false
Triston Vale is paid on a monthly basis. For the month of January of the current year, he earned a total of $5,210. FICA tax for Social Security is 6.2% on the first $127,200 of earnings each calendar year and the FICA tax for Medicare is 1.45% of all earnings. The FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The amount of Federal Income Tax withheld from his earnings was $885.70. What is the amount of the employer's payroll taxes expenses for this employee?
A. $398.57 B. $1,596.87 C. $711.17 D. $312.60 E. $1,284.27