When a person accused of a crime by the police makes an initial appearance in court and the government attorney presents the criminal charges, it is called:
a. an indictment
b. a Miranda rights c. an arraignment
d. a nolo contendere e. a pleading
c
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On January 31, Ransom Company's payroll register showed that its employers earned $30,320 of office salaries and $82,750 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes as the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $16,960 of federal income taxes, $3,350 of medical insurance deductions (which represents 50% of the total cost of the employee medical insurance), and $4,210 of 401(k) retirement contribution deductions. Ransom Company pays the other 50% of the employee insurance cost and matches the employee 401(k) contributions. Several employees earned more than $7,000 for the period which reduced salaries subject to unemployment to $104,000. No employees exceeded the FICA-Social Security taxable wage base.1. Prepare the
journal entry to record Ransom Company's January 31 payroll expenses and liabilities.2. Prepare the journal entry to record Ransom Company's employer payroll taxes resulting from the January 31 payroll. Ransom's merit rating reduces its state unemployment (SUTA) to 5.4% of the first $7,000 paid each employee. The federal unemployment tax (FUTA) rate is 0.6%.3. Prepare the journal entry to record Ransom's additional employee expenses. What will be an ideal response?
A series of equal net cash flows at fixed time intervals is termed a(n) ________
a. hurdle rate b. annuity c. present value d. compounding
A company's product development strategy
A) defines the set of customer needs that it seeks to satisfy through its products and services. B) specifies the portfolio of new products that it will try to develop. C) specifies how the market will be segmented and how the product will be positioned, priced, and promoted. D) determines the nature of procurement and transportation of materials as well as manufacture and distribution of the product.
Which of the following statements is true about the beta of a portfolio?
A. If the beta of a portfolio doubles, its required return also doubles. B. If a stock included in the portfolio has a negative beta, the portfolio's required return is negative. C. Portfolios that contain higher beta stocks have more company-specific risk, but do not necessarily have more market risk. D. If a portfolio's beta increases from 1.2 to 1.5, its actual rate of return will decrease by 1.5 times the market risk premium. E. If the beta of a stock is three, the stock's relevant risk is three times as volatile as the market portfolio.