Choosing low-cost products such as gum, often requires ____________________ decision-making.
Fill in the blank(s) with the appropriate word(s).
routine
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Sand engaged in operations at the start of 2018 and reported $550,000 in pre-tax book income for the year. Tax depreciation for Sand exceeded book depreciation by $50,000. The tax rate for 2018 was 30%, and Congress had enacted a tax rate of 20% for the years after 2018.The journal entry to record the taxes for Sand Company at December 31, 2018 would be:
A.
| DR | Income tax expense | 160,000 |
| CR | Deferred tax liability | 10,000 |
| CR | Income tax payable | 150,000 |
B.
| DR | Income tax expense | 170,000 |
| CR | Deferred tax liability | 10,000 |
| CR | Income tax payable | 160,000 |
C.
| DR | Income tax expense | 160,000 |
| CR | Cash | 160,000 |
D.
| DR | Income tax expense | 150,000 |
| CR | Cash | 150,000 |
The relative performance metric can be created by ________
A) dividing the performance rating of a product by the average performance rating of all products in the market B) dividing the overall rating of a product's performance by the rating of the top-performing brand C) dividing the overall rating of a product's performance by its price D) dividing the overall rating of a product's performance by the average price for products in that product category E) dividing the overall rating of a product's performance by the cost of manufacturing the product
If consumers were largely indifferent to a $0.5 increase in the price of a gallon of milk, the price rise is said to fall within customers' ________
A) price indifference band B) experience curve C) arm's-length price D) learning curve E) net price index
What was the key lesson behind Chapter 12's "A Question of Ethics: Schocking the Downton Abbey Congressman?"
A) Representatives should not travel to Great Britain when Congress is in session. B) Public relations staffers can salvage a negative media interview. C) New office décor can be used as a public relations tool. D) Journalists can expose the excesses of government officials.