Answer the following statements true (T) or false (F)
1. Fillers such as “umm” and “like” are considered nonverbal communication
2. Regulative rules define what communication means by prompting us to count certain kinds of communication.
3. Space, environment, and touch are all nonverbal codes of communication.
4. Oculesics is the study of eye behavior.
5. Facial behavior is considered the most powerful form of nonverbal communication.
1. False
2. False
3. True
4. True
5. True
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Waxman Company purchased a patent for $170,000 at the beginning of 2016, and estimated that its expected useful life was 10 years. The patent has a legal life of 17 years. What amount should be recorded as amortization expense for the patent in 2016?
a. $ -0- b. $ 7,000 c. $10,000 d. $17,000
Jack, an employee of Desert Sky, Inc., has gross salary for May of $9000. The entire amount is under the OASDI limit of $118,500 and thus subject to FICA. He is also subject to federal income tax at a rate of 21%. Which of the following is a part of the journal entry for accrual of the employer payroll taxes? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) Jack's income to date exceeds the FUTA and SUTA tax income limits.
A) credit to Salaries Payable for $9000 B) debit to Cash for $6601.50 C) debit to Employee Income Taxes payable of $1890.00 D) credit to FICA-Medicare Taxes Payable of $130.50
Hector is opening an appliance store. He has estimated a monthly profit goal based on his anticipated expenses and earning goals and uses it to set product prices. Hector is implementing a ________ pricing strategy.
A. competitor-based B. penetration C. target return on investment (ROI) D. value E. price skimming
Total leverage exists whenever the percentage change in earnings per share (EPS) resulting from a given percentage change in sales is greater than the percentage change in sales
Indicate whether the statement is true or false