The following tax schedule applies to an individual. Her taxable income is $40,000. How much is her total tax? 10% of the first $10,000
15% of the next $15,000
25% of the next $10,000
35% of the next $20,000

A) $8,500
B) $10,000
C) $7,500
D) $7,000

Which of the following is the most useful in analyzing companies of different sizes?

A) comparative statements
B) common-sized financial statements
C) price-level accounting
D) audit report

Which situation is an example of involuntary turnover?

A) Franny, an employee at PrintMe, is suspended for a week because of workplace violence.
B) Sasha, a supervisor at XTL Inc., decides to leave her job because she is moving to another country.
C) Ricardo, a manager at Care Co., resigns from his job because he has a better job offer from another company.
D) Xi, an employee at Future Furnishing, wants to leave her job to pursue a college degree.
E) Gisele, an employee at Innovative Tech, is fired because of theft.

In the spillover effect, one partner's work experiences can have psychological consequences for the other partner as one's work stress increases.

A company has $90,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts.Experience suggests that 4% of outstanding receivables are uncollectible.The current balance (before adjustments) in the allowance for doubtful accounts is an $800 credit.The journal entry to record the adjustment to the allowance account includes a debit to Bad Debts Expense for:

A) $2,800
B) $3,568
C) $3,632
D) $3,600
E) $4,400

Dividends 215
Cash 215
A)Journal entries
B)Adjusting journal entries
C)Closing journal entries