In-home interviewing permits easy interviewer supervision and control as the interviewers are traveling door-to-door
Indicate whether the statement is true or false
FALSE
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Of the following criteria, which would be best suited for evaluating new product introduction advertising?
A) brand loyalty B) shopping intention C) basic enjoyment D) purchase intention E) brand preference
Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the process, and conversion activity occurs uniformly throughout production. The beginning work-in-process inventory is 60% complete with respect to conversion; the ending work-in-process inventory is 20% complete. The following data pertain to May: Units Work in process, May 1 15,000 Units started during May 60,000 Units completed and transferred out 68,000 Work in process, May 31 7,000 Total Direct Materials Conversion CostsCosts: Work in process, May 1$41,250 $16,500 $24,750 Costs incurred during May 234,630 72,000 162,630 Totals$275,880 $88,500 $187,380 Using the weighted-average method of process costing, the total costs remaining in work in process on May 31 are:
A. $17,480. B. $25,640. C. $12,040. D. $0. E. None of the answers is correct.
Loretta has two jobs. She earned $130,000 from her first job and $20,000 from her second job. How much total FICA taxes will Loretta have withheld from her wages from working two jobs, in 2018?
A. $11,383.00. B. $11,475.00. C. $11,434.40. D. $11,375.80.
The accountant of Randy's Flooring has closed all of the temporary income statement accounts. The accountant is now ready to close the Income Summary account. The owner of the company is R. Car. Using the Income Summary T-account below, determine the correct closing entry the accountant needs to make in order to close the account.Income Summary12/31 beg inv.2,00012/31 ending inv.5,00012/31 exp.42,00012/31 rev.85,000
A.
| Income Summary | 46,000 | |||
| R. Car, Capital | 46,000 | |||
B.
| R. Car, Capital | 90,000 | |||
| Income Summary | 90,000 | |||
C.
| Income Summary | 43,000 | |||
| R. Car, Capital | 43,000 | |||
D.
| R. Car, Capital | 46,000 | |||
| Income Summary | 46,000 | |||