Ch 6 Review Questions

(Please do not give solution in image format thanku) What is the difference between between FICA I (Social Security) and FICA II (Medicare) with regards to benefits relative to wages paid to employees. Group of answer choices: FICA I is capped while FICA II is not capped There is no difference between the two benefit types FICA I is not capped but FICA II is capped FICA I and FICA II are both capped at an amount

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Please no written by hand solutions Lisa was a successful bartender at a casino in Blackhawk for 10 years. She never had any disciplinary actions and is a favorite with repeat customers. The casino owners have a difficult time hiring and retaining employees. As a result, they offer a $2,000 signing bonus to any new bartenders who stay for 6 months. Lisa asks for a "retention bonus" of $5,000, but the owners refuse. She is the only female bartender and all the new hires are male. When Lisa complains, she is fired.   QUESTION #13: What cause(s) of action could Lisa bring against the casino? QUESTION # 14: Who is likely to win-Lisa or the casino? What elements are the easiest to prove? What elements are the hardest to prove? QUESTION #15: If Lisa tells customers why she was fired and to stop going to the casino, can the casino successfully sue Lisa for loss of business? Why or why not? QUESTION # 16: If you are the casino's attorney, what would you advise the casino to do to avoid…

O A. OB. O C. O D. Surance policy form may not be delivered in Florida unless the form has been approved by the: Office of Financial Regulation (OFR) Office of Insurance Regulation (OIR) Department of Financial Services (DFS) Department of Insurance (DOI) Cla Whiteboa

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This is a business law principle for today's commercial environment by Twomey| Jennings |Greene 5th edition Question-what do you think of the increasing amount of reliance on electronic interactions? Some banks now charge to return the actual canceled check and some think that it is only a matter of time before there will be a charge for dealing with a "real" teller. What are the repercussions, good and bad, of this move toward electronic financial transactions?

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Just question 14

Chapter 1 1) Chapter 1 Case Application from textbook a. b. c. d. e. f. g. 2) Chapter 1 Case 2 Individuals who are in charge of handling loss exposures for corporations, municipalities, universities, etc. are called “risk managers.” Why are the identification of hazards and the preparation for perils important in risk management? What types of physical hazards confront the risk manager of our university? Chapter 2 3) Chapter 2 Short Answer What is the law of large numbers? Why is the law of large numbers important to private insurers? 4) Chapter 2 Web Exercise – Insurance Fraud In this chapter, you learned the definition of insurance and the requirements for a loss exposure to be privately insurable. You also learned about the costs and benefits of insurance to society. While insurance provides many benefits to insureds, the presence of an industry that has significant financial resources often brings out the…

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(Topic insurance act  ) What are the key terms and clauses that are typically included in a Marine Policy?"

What happens when an employee records a fictitious refund of goods at his cash register? Question 1Answer a. The victim company’s inventory is understated. b. A disbursement from the register is unrecorded. c. The victim company’s inventory is overstated, and a disbursement from the register is recorded. d. The victim company’s inventory is unreported, and a disbursement from the register is overstated

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5X Is it ethical to apply disciplinary action in cases of ongoing absenteeism and tardiness due to family responsibilities? What other approach could be used? Entries

In Florida, claim payments must be made to an insured under an individual Disability policy AT LEAST: O A. weekly O B. O C. OD. biweekly monthly quarterly board

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Only ex 15-5 please and thank you!

H1. Account Newspaper headlines frequently highlight instances where business professionals are accused of engaging in unethical behavior. Are ethics important to the conduct of management accountants? Why or why not?

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which of the following tees protects both lenders and harebuyers against loss or damage occurring from licensed cumbrances or defects in the ownership of a property? A) Title fee B) Title insurance C) Mortgage insurance premium D) Private mortgage insurance (PI) 5:10 PM

Product-Profitability Analysis; Scarce Resources Creighton Corporation produces a varietyof consumer electronic products. Unit selling prices and costs for three models of one of its productlines are as follows:[LO 11-7]No Frills Standard Options SuperSelling price $40 $70 $86Direct materials 10 14 16Direct labor (@ $20/hour) 10 20 30Variable overhead 3 6 9Fixed overhead 3 6 6Variable overhead is charged to products on the basis of direct labor dollars; fixed overhead isallocated to products on the basis of machine hours.Required1. What is fundamentally different about the fixed versus variable overhead assigned to products?(Answer the question within the context of the relevance of this difference to the determination ofshort-term product mix.)

Product-Profitability Analysis; Scarce Resources Creighton Corporation produces a varietyof consumer electronic products. Unit selling prices and costs for three models of one of its productlines are as follows:[LO 11-7]No Frills Standard Options SuperSelling price $40 $70 $86Direct materials 10 14 16Direct labor (@ $20/hour) 10 20 30Variable overhead 3 6 9Fixed overhead 3 6 6Variable overhead is charged to products on the basis of direct labor dollars; fixed overhead isallocated to products on the basis of machine hours.Required7. What is the primary role of the management accountant in terms of planning the optimum short-termproduct mix?