Which of the following is NOT an advantage of obtaining a franchise?
A) training of employees and managers
B) standardization of products and services
C) marketing strategy and advertising
D) having a predetermined location that guarantees a profit
E) name recognition
D
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Garner, Inc determined that it had incorrectly estimated both the estimated life and the estimated residual value of equipment that it purchased two years ago. When Garner accounts for the change in accounting estimates, it must depreciate the remaining book value of the asset over the current and future accounting periods
a. True b. False Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. For the next year, Sullivan & Co. predicts sales of 15,000 units of a product with a contribution margin of $6 per unit and 30,000 units of another product with a contribution margin of $10 per unit. The weighted-average contribution margin per unit is $8.67. 2. A company that sells multiple products will always set sales prices such that all products have the same contribution margin. 3. The Doughboys Pizza Company sells pizzas in two different sizes—medium and large. The two products sell in equal numbers. The contribution margin of a medium pizza is $16, and the contribution margin of a large pizza is $18. The weighted average contribution margin is $17. 4. The Buttercrust Pizza Company sells pizzas in two different sizes—medium and large. The number of medium pizzas sold is twice the number of large pizzas sold. The contribution margin of a medium pizza is $10, and the contribution margin of a large pizza is $22. The weighted average contribution margin is $16.00.
Which of the following represents a basic stakeholder of an organization?
a. The account receivable clerk of the organization b. A vice president of the organization c. A line supervisor of the organization d. All of these choices
Calculate the total amount of FICA withholding for an employee whose pay is $2,400 for the first pay period of the year. The tax rate for FICA-Social Security is 6.2% and the tax rate for FICA-Medicare is 1.45%.
What will be an ideal response?