As of February 28, American Greetings Corp. had several employees. Assume that in the last pay period of the year, the company paid $5,000 to employees after deducting $1,000 for employee income taxes, $400 for FICA taxes, and $200 for other purposes. No payments have been made to the government relating to these taxes. Which of the following statements is true regarding this pay period? a. FICA Taxes Payable should be $612,000.
b. FICA Taxes Payable should be $1,224,000.
c. Salaries and Wages Expense should be $8,000,000.
d. None of the above is true.

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Consider a treasury bill with a rate of return of 5% and the following risky securities: security a: e(r) = .15; variance = .0400 security b: e(r) = .10; variance = .0225 security c: e(r) = .12; variance = .1000 security d: e(r) = .13; variance = .0625 the investor must develop a complete portfolio by combining the risk-free asset with one of the securities mentioned above. the security the investor should choose as part of her complete portfolio to achieve the best cal would be a. security a b. security b c. security c d. security d

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan