In the context of execution styles in advertising, using an animated character that represents a product in an advertisement is an example of an endorsement
Indicate whether the statement is true or false
FALSE
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An example of a contra-revenue account is
a. Purchases. b. Purchases Returns and Allowances. c. Purchases Discounts. d. Sales Returns and Allowances.
Which of the following is the first step in setting a pricing policy?
A) selecting a pricing method B) selecting the pricing objective C) determining demand D) estimating cost E) analyzing competitors' costs, prices, and offers
The presence of competitors may serve less-attractive segments or lead to more product differentiation
Indicate whether the statement is true or false
An employee earned $4,600 in February working for an employer. Cumulative earnings of the previous pay periods are $4,800. The FICA tax rate for Social Security is 6.2% of the first $128,400 of earnings each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount the employer should record as payroll taxes expense for the month of February?
A. $351.90 B. $110.00 C. $483.90 D. $230.00 E. $581.90