NOPAT Is

question 115

Multiple Choice

NOPAT is

• A)net income with costs removed that managers at the divisional level are unable to control.
• B)net income plus noncash flow amounts.
• C)net income less the cost of financing.
• D)net income minus noninterest-bearing current liabilities.

Understand how the social security and Medicare tax rates affect both employees' take-home pay and employers' payroll expenses.

Record the conversion of accounts payable to notes payable through journal entries.

Understand and apply the concept of time value of money in calculating total payment upon note maturation.

Identify employer responsibilities for payroll taxes including FICA, FUTA, and SUTA.

---

Definitions:

Competency Skill

A demonstrated ability or skill that enables a person to perform job-specific functions successfully and efficiently.

Time Management

The process of organizing and planning how to divide one's time between various activities to optimize productivity and efficiency.

Being Organized

The practice of keeping one's space, items, and tasks in order and systematically arranged for efficiency.

Prioritizing

The action of arranging or dealing with tasks, problems, or opportunities in order of importance, often to manage time and resources effectively.