Managerial accounting provides information to ________
A) internal decision makers
B) outside investors and lenders
C) creditors
D) taxing authorities
A
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The constant sum should be considered an ordinal scale
Indicate whether the statement is true or false
Use this information to answer the following question. The following totals for the month of November were taken from the payroll register of Levine Company: Salaries expense $12,000 Social security and Medicare taxes withheld 550 Income taxes withheld 2,500 Medical insurance deductions 250 Life insurance deductions 200 Salaries subject to federal and state unemployment taxes of 6.2 percent 4,000
The entry to record the accrual of federal unemployment tax (assume FUTA tax of .8 percent) would include a a. credit to Federal Unemployment Tax Payable for $32. b. debit to Federal Unemployment Tax Payable for $32. c. debit to FUTA Tax Expense for $32. d. credit to Payroll Taxes and Benefits Expense for $32.
What are deficient products?
A) products that have neither immediate appeal nor long-run benefits B) products that give high immediate satisfaction but hurt consumers in the long run C) products that have low appeal but may benefit consumers in the long run D) products that are either unsafe or inferior E) products in the decline stage of the product life cycle
________ damages are the only damages that may be recovered for violations of the FTC Act
A) Treble B) Double C) Potential D) Actual