Do-not-call legislation has made telemarketing an ineffective form of direct marketing, especially for nonprofit groups
Indicate whether the statement is true or false
FALSE
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When a country's currency fluctuates drastically, a company with productive capacity in other locations can maintain its competitive advantage by shifting production
Indicate whether the statement is true or false
John, an employee of Smith Electric, Inc., has gross salary for March of $4,000. 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 18%. John has a deduction of $320 for health insurance and $80 for United Way. Provide the journal entry to record salaries expense and payroll withholdings. (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) Salaries will be paid at a later date. Omit explanation.
What will be an ideal response?
In periods of rising prices, the FIFO method will result in a larger gross margin than the LIFO method
Indicate whether the statement is true or false
Ben, a supervisor who works for you, does not understand why he does not often receive effective replies to his email messages. He asks you to review some messages he has sent over the past several weeks and to provide constructive criticism. What should you look for as you review his messages?