Both a manufacturers' agent and an industrial distributor may be used when the organizational marketer wishes to cover a larger geographic area but does not maintain a sales force.
Answer the following statement true (T) or false (F)
True
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On April 1, 2017 the Reba Company purchased 10%, $800,000 bonds of the Trading Up Company at par plus accrued interest. These bonds were classified as an investment in trading securities. The bonds pay interest on June 30 and December 31 each year. The entry by Reba on April 1, 2017, would include a
A) debit to Investment in Trading Securities of $820,000. B) credit to Cash of $820,000. C) credit to Interest Income of $20,000. D) debit to Interest Expense of $20,000.
Use this information to answer the following question. The following totals for the month of November were taken from the payroll register of Levine Company: Salaries expense $12,000 Social security and Medicare taxes withheld 550 Income taxes withheld 2,500 Medical insurance deductions 250 Life insurance deductions 200 Salaries subject to federal and state unemployment taxes of 6.2 percent 4,000
The entry to record the accrual of employer's payroll taxes would include a debit to Payroll Taxes and Benefits Expense for a. $1,248. b. $550. c. $798. d. $248.
The effect of ethical standards on a company's strategy does NOT
A. encompass what is unethical in whole or in part as morally wrong. B. automatically result in damage to a company's reputation and have costly consequences. C. always reflect badly on the character of the company personnel involved. D. lead to lower employee morale and higher employee turnover. E. constitute good business and pursue the best interest of shareholders.
In Ontario people who work for small companies would not be entitled to severance pay in addition to termination notice
Indicate whether the statement is true or false