What is the penalty for tax fraud?
a. It is 20% of the tax bill.
b. It is 25% of the tax bill.
c. It is 50% of the tax bill.
d. It is 75% of the tax bill.
d
FEEDBACK: a. Incorrect.
b. Incorrect.
c. Incorrect.
d. Correct.
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If a company uses the indirect method to report cash flows, it
A. subtracts any increase in its accrued pension cost from net income. B. subtracts any increase in accrued pension cost as an investing activity. C. adds any increase in its accrued pension cost to net income. D. adds any increase in accrued pension cost as a financing activity.
An apparel marketer with a strong brand in the women's casual wear market is planning to launch that existing brand name into the new product category of women's accessories. Which brand development strategy is being implemented?
A) line extension B) brand extension C) multibranding D) new brands E) co-branding
The inventory of a product has decreased during the month by 12,000 units. Per unit costs are as follows: Variable Fixed Per unit manufacturing costs for the period $10.00 $2.00 Per unit operating expenses of the period $5.00 $1.00 What is the effect on income from operations if absorption costing is used rather than variable costing?
a. $24,000 decrease b. $36,000 increase c. $36,000 decrease d. $24,000 increase
Identify the ten determinants of service quality. Describe two of them in a sentence or two each
What will be an ideal response?