A manager in a grocery store decides to place packages of pound cake in two different locations in the store. One display of the cake also includes other bakery items
The second display of the cake is in the vegetable section of the store, placed next to the shelf full of boxes of fresh strawberries. The grocery store manager wants to learn which of the two locations will most encourage customers to buy the cake. What format of research is the store manager conducting? Explain your answer.
The store manager is conducting an experiment. Experiments are carefully designed to test predicted relationships among variables in a controlled environment. The store could be considered a controlled environment, and the experiment is to see which location will cause more sales of the cakes.
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Answer the following statements true (T) or false (F)
1. The current portion of notes payable is the amount of the principal that is payable more than one year from the balance sheet date. 2. Benefits are extra compensation items that are not paid directly to an employee. 3. Retirement compensation is a benefit because the employer sets aside money for the employee's future retirement. 4. Mario worked 48 hours during the work week. He earns wages of $18 per hour for straight time (40 hours). The company pays time-and-half for overtime. Mario's gross pay is $864. 5. Gross pay is the total amount of salary, wages, commissions, and bonuses earned by an employee during a pay period, after taxes or any other deductions.
Market-skimming is a more popular strategy for pricing new products, while market-penetration is a more popular strategy for pricing products that are more advanced in the product life cycle
Indicate whether the statement is true or false
Parallel structure means that all headings at the same level have the same basic ____________
a. grammatical structure b. meaning c. length d. sound
Factory overhead was applied to completed jobs at the rate of 40% of direct labor costs. At the end of the year, several jobs were still in process. The job cost ledger shows direct labor costs of $7,000 . The proper journal entry for this adjustment is as follows:
a. A complete adjustment cannot be made due to lack of sufficient information. b. Debit Factory Overhead $2,800, credit Work in Process Inventory $2,800. c. Debit Work in Process Inventory $4,200, credit Factory Overhead $4,200. d. Debit Factory Overhead $4,200, credit Work in Process Inventory $4,200. e. Debit Work in Process Inventory $2,800, credit Factory Overhead $2,800.