Assuming you were in the 25% federal and 5% state income tax brackets last year, and you allocated $200 per month to your flexible spending account, how much did you save if there was $1,000 remaining in the account at the end of the year?
A) You lost $1,000
B) You saved $720
C) You lost $280
D) Not enough information to accurately determine the answer
Answer: C
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Which of the following elements is not recognized on the balance sheet?
A) ?Equity B) ?Expense C) ?Liability D) ?Asset
The customer's ability to determine the timing and services of their needs from a business organization through a website is referred to as _____.
A. customer profiling B. fulfillment C. customer impression D. self-service
Using the following year-end information for Calvin's Clothing, calculate the current ratio and acid-test ratio for the business: Cash$53,150?Short-term investments 10,000?Accounts receivable 50,000?Inventory 190,000?Prepaid expenses 6660?Accounts payable 104,000?Other current payables 30,700?
A. 0.43 and 1.19 B. 2.30 and 0.84 C. 2.74 and 1.19 D. 1.30 and 0.84 E. 1.30 and 1.00
Mariah takes off her ring and places it on her desk while she works. Without her knowledge or consent, her coworker Nita picks up the ring, puts it on, and walks away. Nita has likely committed A) burglary
B) forgery. C) larceny. D) no crime.