Which of the following indicates a cash receipt?
A. A decrease in accrued expenses, such as wages payable.
B. A decrease in accounts receivable.
C. An increase in inventory.
D. A decrease in accounts payable.
B
Business
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If the rent on an apartment is $600.00 per month, which is equal to a mortgage payment on a house, how much additional tax savings will you realize if $200.00 of the monthly mortgage payment is interest and your tax bracket is 25 percent?
A. $600.00 B. $7,200.00 C. $50.00 D. $2,500.00
Business
It takes a service rep an average of two and a half minutes to take a customer's information. Over the course of a work week, the rep handles 160 calls a day during her eight hour shift. What is the service rep's capacity cushion?
A) 16% B) 33% C) 50% D) 66%
Business