Un Taco Pequeno (Scenario)Imagine that you are the president of Taco Rocket, a new and successful chain of 100 Mexican fast-food restaurants in the U.S. The success you have experienced in the last five years has you thinking of what to do with the business next. Should you expand the business at the current rate or open new and different restaurants? You decide to concentrate on Taco Rocket's primary business by only increasing the menu to include new items such as enchiladas and rice bowls. This is an example of what type of growth strategy?
A. vertical integration
B. horizontal integration
C. concentration
D. diversification
Answer: C
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Net income is shown on the work sheet as a(n)
a. debit in the Income Statement columns; b. credit adjustment to the Owner's Equity column; c. debit in the Balance Sheet columns; d. credit in the Trial Balance columns; e. adjusting entry.
An employee earns $5,500 per month working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128,400 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The employee has $182 in federal income taxes withheld. The employee has voluntary deductions for health insurance of $150 and contributes $75 to a retirement plan each month. What is the amount of net pay for the employee for the month of January? (Round your intermediate calculations to two decimal places.)
A. $4,672.25 B. $4,628.25 C. $4,827.00 D. $4,386.25 E. $4,430.25
________ measures the rate of return generated by an investment center's assets
a. Net operating income b. Contribution margin c. Sales turnover ratio d. ROI
Paragraphs in a persuasive message are typically long in order to achieve the writer's persuasive purpose
Indicate whether the statement is true or false