The largest federal tax, in terms of revenue collected, is the Social Security tax.
Answer the following statement true (T) or false (F)
False
The most significant tax assessed by the U.S. government is the income tax.
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Higher fixed costs decrease the total contribution margin required to break even
Indicate whether the statement is true or false
Fun Foods Inc. is a snack manufacturer that wants to expand globally. Few people abroad are familiar with Fun Foods snacks. The countries into which the company wants to expand require a high degree of local responsiveness when it comes to food, and the citizens of those countries already spend plenty of money on snacks. Which action should the leaders of Fun Foods take?
A. Keep costs low with undifferentiated product in the international strategy. B. Pursue a multidomestic strategy that includes new "local" brands. C. Achieve economies of scale by using the global-standardization approach. D. Appease pressures for cost reductions by following the transnational approach.
Bolka Corporation, a merchandising company, reported the following results for October: Sales$413,000?Cost of goods sold (all variable)$173,100?Total variable selling expense$23,000?Total fixed selling expense$19,300?Total variable administrative expense$17,400?Total fixed administrative expense$31,000? The contribution margin for October is:
A. $199,500 B. $239,900 C. $149,200 D. $213,500
Once the FDA has approved a drug for sale there may be no liability imposed on the drug manufacturers for side- effects that were revealed during the testing process
a. True b. False Indicate whether the statement is true or false