You can often find the name of the hiring manager by asking the organization's receptionist.
Answer the following statement true (T) or false (F)
True
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Pope, Inc has life insurance policies on its officers' lives. Annual premiums amount to $5,000. At the end of 2017, the cash surrender value of the policies totaled $18,200. Dividends received by Pope from the insurance company amounted to $500 in 2017. The insurance expense recognized by Pope in 2017 was $3,500. What was the amount of cash surrender value of these policies on January 1, 2017?
A) $17,200 B) $14,200 C) $16,200 D) $10,200
Assume that your total income for the current year is $35,000. Your total expenses, including taxes of $5,000, are $30,000. Your savings ratio is:
A. 7.5%. B. 10.0%. C. 12.5%. D. 13.3%. E. 16.7%.
The Food Quality Protection Act holds that a substance may be approved for use in food if:
a. there is "no risk" b. there is "no risk" it could induce cancer in humans c. there is an "acceptable risk" d. there is a "de minimus risk" of cancer in man or animals e. none of the other choices
Blanton Ridge, Inc.'s Salaries and Wages Expense is $900,000 during the year and the beginning and ending balances of Salaries and Wages Payable are $36,000 and $33,000, respectively, the cash paid to employees is:
A. $897,000. B. $903,000. C. $900,000. D. $867,000.