A machine with a cost of $139,000 and accumulated depreciation of $89,500 is sold for $59,000 cash. The cash flow amount that should be reported in the operating activities section reported under the direct method is:

On July 1, Shady Creek Resort borrowed $370,000 cash by signing a 10-year, 7% installment note requiring equal payments each June 30 of $52,680. What is the journal entry to record the first annual payment?

An employee earned $44,100 during the year working for an employer when the maximum limit for Social Security was $137,700. The Federal Insurance Contributions Act (FICA) tax rate for Social Security is 6.2% and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 1.45%. The employee’s annual Federal Insurance Contributions Act (FICA) taxes amount is:

A company issued 8%, 15-year bonds with a par value of $530,000 that pay interest semiannually. The market rate on the date of issuance was 8%. The journal entry to record each semiannual interest payment is:

A company had a beginning balance in retained earnings of $43,200. It had net income of $6,200 and declared and paid cash dividends of $5,675 in the current period. The ending balance in retained earnings equals:

Even to this day, perceptions of time in Germany are partially rooted in the early impact of _______________. (The Culture Map)

True or False?  One of the limitations of the ethical relativism position is that it uses fixed standards in judging all actions across all cultures.

China and Japan are both flexible-time cultures.   (The Culture Map)

Dr. Ahmed Acidah, a Nigerian human resources executive, shared with Erin Meyer about a challenge that he faced on his Nigerian and German team.  He said that the Germans plan everything far in advance, even asking the Nigerians for ___________ three months before a conference in Germany.  Acidah’s Nigerian staff were revolting over this approach! (The Culture Map)

The night before Erin Meyer was to give a presentation to a large group of South Americans, Flavio Ranato encouraged her to take more time for her presentation than was scheduled because he thought that the topic was so important and the group would benefit from her talk.  Meyer went back to her hotel room that night and adapted her presentation from 45 minutes to 60 minutes.  In the end, she took 65 minutes because the Q&A session ran a bit long.  What feedback did Ranato offer Meyer after her presentation?