What happens if you fail to pay your annual taxes?
a.)you will simply have to pay some penalty fees
b.)you can file your return the next year
c.)you will have to pay penalty fees or face imprisonment, depending on the severity of nonpayment
d.)you will have to pay twice the amount of taxes the next year

In the context of your career choice, your own business skills cannot influence the level of your personal financial success. a. true b. false

Match the vocabulary word to the correct definition. 1. compensation 2. corporate social responsibility 3. discrimination 4. benefits 5. biodegradable a. a business’s obligation to the community and the environment b. the ability to naturally break down or decompose c. treating someone differently because of his or her race, religion,gender, sexual orientation, or disabilities d. indirect and non-cash compensation paid to employees e. the salary and other benefits for doing a job

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.