In determining the competitiveness of benefits, senior management tends to focus mainly on value, while employees are more interested in cost.
Answer the following statement true (T) or false (F)
False
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Seth and Rachel have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investments at 15%; salary allowances of $24,000 and $20,000, respectively; and the remainder to be divided equally. How much of the net income of $90,000 is allocated to Seth?
a. $42,750 b. $47,750 c. $45,000 d. $43,250
When a dividend is not declared on preferred stock, and the common shareholders cannot receive a dividend until all past and current dividends are paid to the preferred shareholders, the preferred stock is:
A. nonparticipating. B. participating. C. noncumulative. D. cumulative.
Do you think it is a good idea for a leader to seek feedback from followers? Why or why not?
What will be an ideal response?
Current assets divided by current liabilities is the:
A. Solvency ratio. B. Debt ratio. C. Quick ratio. D. Current ratio. E. Liquidity ratio.