The competitive-parity approach assumes that promotion expenditure is directly related to market share

Indicate whether the statement is true or false


T

Business

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Keith, an employee of Sunbeam, Inc., has gross salary for May of $15,000. 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 20%. Which of the following is a part of the journal entry to record the disbursement of his net pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) (Round the final answer to the nearest dollar.)

A) debit to Cash for $10,852.50 B) credit to Cash for $10,852.50 C) debit to Employee Income Tax Payable of $10,852.50 D) debit to FICA Tax Payable of $10,852.50

Business

The ________ is used to determine merchantability of food products based on what the average buyer is supposed to find in particular food products

A) foreign substance food test B) contagion test C) contamination test D) consumer expectation test

Business

Ethical decisions come down to how you:

a. treat other people's belongings. b. treat other people. c. All of the answers are correct. d. treat public property and the environment.

Business

It takes a service rep an average of two minutes to take a customer's information. Over the course of a work week, the rep handles 160 calls a day during her eight hour shift. What is the service rep's capacity cushion?

A) 20% B) 33% C) 50% D) 67%

Business