Changing labor utilization through varying work hours or number of employees is the goal of ____________________.
A. pay flexibility
B. functional flexibility
C. employment flexibility
D. procedural flexibility
C. employment flexibility
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Ray is starting a new business with a friend and trying to decide between a C corporation, S corporation, and partnership. Which of the following statements regarding his decision is correct?
A. S corporations pay taxes on their current year income. B. A shareholder in a C corporation is taxed on his or her share of corporate income. C. A partner in a partnership is taxed on his or her share of partnership income. D. An S corporation owner must pay income taxes only on the salary received.
Another method for pressuring an employer to concede to union demands is to repeat a series of quick strikes, also known as an ________ strike.
Fill in the blank(s) with the appropriate word(s).
A company made the following merchandise purchases and sales during the month of May:May 1Purchased380 units at$15 eachMay 5Purchased270 units at$17 eachMay 10Sold400 units at$50 eachMay 20Purchased300 units at$22 eachMay 25Sold400 units at$50 eachThere was no beginning inventory. If the company uses the FIFO periodic inventory method, what would be the cost of the ending inventory?
What will be an ideal response?
Prior to adjustment, the Allowance for Bad Debts account has a year-end debit balance of $500 . Estimated uncollectible accounts, based on an aging of the accounts receivable, total $6,200 . After the appropriate adjusting entry to recognize the bad debt expense, the Allowance for Bad Debts account should have a credit balance of:
a. $6,700 b. $5,700 c. $6,200 d. $6,100 e. None of the above are correct.