Which of the following is included in the entry to record the employer's payroll taxes?
A) a debit to State Unemployment Tax Payable
B) a credit to Payroll Tax Expense
C) a credit to FICA-OASDI Tax Payable
D) a credit to Salaries Payable
C
Business
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If a company’s operating profit margin is 4% and its total asset turnover is 1.5 times, its operating return on assets is
A. 2.7%. B. 6.0%. C. 7.3%.
Business
Which of the following is NOT a reason given for poor or no strategic planning in an organization?
A) Planning is viewed as a waste of time B) Content with current success C) Too busy "firefighting" to plan ahead D) No monetary rewards for planning E) Trust of management makes it unnecessary
Business