MA
Michael Anker
Answers (6)
MA
Answered
The most theoretically sound method of accounting for cash discounts on credit sales is the
A) net price method
B) discounted price method
C) gross price method
D) net present value method
A) net price method
B) discounted price method
C) gross price method
D) net present value method
On Jul 16, 2024
A
MA
Answered
Which of the following best describes the state of agriculture at the present time?
A) Things have never been better,especially for the small farmer.
B) The small farmer is selling an increasing percentage of farm output.
C) American farms are so productive that the U.S.often exports one-third of its corn,wheat and other crops.
D) There has been a substantial shift of population back to the farms.
A) Things have never been better,especially for the small farmer.
B) The small farmer is selling an increasing percentage of farm output.
C) American farms are so productive that the U.S.often exports one-third of its corn,wheat and other crops.
D) There has been a substantial shift of population back to the farms.
On Jul 15, 2024
C
MA
Answered
Which of the following statements about the relationship between Australia and New Zealand is true?
A) The bilateral relationship between the two countries remains strong, and is evident from the progress on the continuing trans-Tasman trade and economic agenda.
B) The relationship between Australia and New Zealand is weakening economically.
C) The gap between Australia and New Zealand's business law regimes is widening.
D) The trans-Tasman Mutual Recognition Arrangement was disbanded in 2002.
E) There is an increase in compliance costs for companies operating in both countries.
A) The bilateral relationship between the two countries remains strong, and is evident from the progress on the continuing trans-Tasman trade and economic agenda.
B) The relationship between Australia and New Zealand is weakening economically.
C) The gap between Australia and New Zealand's business law regimes is widening.
D) The trans-Tasman Mutual Recognition Arrangement was disbanded in 2002.
E) There is an increase in compliance costs for companies operating in both countries.
On Jun 16, 2024
A
MA
Answered
An employee receives an hourly rate of $45, with time and a half for all hours worked in excess of 40 during the week. Payroll data for the current week are as follows: hours worked, 48; federal income tax withheld, $950; social security tax rate, 6.0%; and Medicare tax rate, 1.5%; state unemployment compensation tax, 5.4% on the first $7,000; federal unemployment compensation tax, 0.8% on the first $7,000.Calculate the employer's payroll tax expense if:
(a) this is the first payroll of the year and the employee has no cumulative earnings for the year to date.(b) the employee's cumulative earnings for the year prior to this week equal $6,200.
(a) this is the first payroll of the year and the employee has no cumulative earnings for the year to date.(b) the employee's cumulative earnings for the year prior to this week equal $6,200.
On Jun 15, 2024
Employee wages = (40 × $45) + (8 × $67.50) = $2,340 
MA
Answered
Explain the interrelationship between the balance sheet and the statement of cash flows.
On May 17, 2024
The cash reported on the balance sheet is also reported as the end-of-period cash on the statement of cash flows.
MA
Answered
Which label consists of less intense and more generalized feelings not directed at a specific object or person?
A) mood
B) affects
C) instinct
D) emotions
A) mood
B) affects
C) instinct
D) emotions
On May 16, 2024
A