The contribution margin income statement enables managers to view revenue and cost relationships on a per unit basis or as a percentage of sales
Indicate whether the statement is true or false
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According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social security taxand $500,000 was subject to the 1.5% Medicare tax. Federal income tax withheld was $98,000 . Also, $15,000 wassubject to state (4.2%) and federal (0.8%) unemployment taxes. The journal entry to record accrued payroll taxeswould include a
a. debit to SUTA Payable of $630 b. debit to SUTA Payable of $18,900 c. credit to SUTA Payable of $630 d. credit to SUTA Payable of $18,900
A bullwhip measure value greater than zero indicates that the bullwhip effect exists
Indicate whether the statement is true or false
Discuss the major factors to consider when designing sales territories.
What will be an ideal response?
You drink 19 beers to celebrate the end of your risk management and insurance class, and then have an accident while driving home from the bar. The police charge you with drunk driving, and with hitting another automobile from behind
What will your automobile insurer do when you file a claim for the damage to your car, and what will it do when the injured people in the other car file claims to have their bodily injuries paid for? A) Nothing. The insurer does not have to pay any of these claims. B) The insurer will pay all the claims. C) The insurer will pay the liability claims, but not the damages to your car, because of the fact that you were drunk. D) The insurer will say, "Who are you? Nobody here remembers selling you a policy."