During the 2004 Super Bowl broadcast, PepsiCo launched a joint promotion with Apple's iTunes Music Store. Anyone purchasing a bottle of Pepsi had a one-in-three chance of being a winner
However, many people discovered that by tilting the bottles, they could tell whether the bottle was a winner.
Indicate whether the statement is true or false
TRUE
You might also like to view...
Tools used by a speaker to help support the audience’s interest in and understanding of the presentation such as visual or audio clips are called
a. props. b. outlines. c. supporting aids. d. PowerPoints.
On June 3, Win-Tel Company sold merchandize worth $800 on credit, terms 2/10, n/30 . The merchandize sold had cost $550 . The customer paid the amount on June 10 . What is the required journal entry to record the payment received under the periodic inventory system?
a. Accounts Receivable 784 Sales Discounts 16 Cash 800 b. Accounts Receivable 800 Sales Discounts 16 Cash 784 c. Cash 784 Sales Discounts 16 Accounts Receivable 800 d. Cash 800 Sales Discounts 16 Accounts Receivable 816
Ethnocentrism is defined as a negative attitude about an individual, a group, or a race, or about its supposed characteristics
Indicate whether the statement is true or false
Chang Manufacturing Corporation has a traditional costing system in which it applies manufacturing overhead to its products using a predetermined overhead rate based on direct labor-hours (DLHs). The company has two products, Plain and Fancy, about which it has provided the following data: Plain FancyDirect materials per unit$24.50 $59.30 Direct labor per unit$5.00 $25.00 Direct labor-hours per unit 0.20 1.00 Annual production 45,000 15,000 The company's estimated total manufacturing overhead for the year is $985,440 and the company's estimated total direct labor-hours for the year is 24,000.The company is considering using a variation of activity-based costing to determine its unit product costs for external reports. Data for this proposed activity-based costing
system appear below:Activities and Activity MeasuresEstimated Overhead CostSupporting direct labor (DLHs) $384,000 Setting up machines (setups) 255,840 Parts administration (part types) 345,600 Total $985,440 Expected Activity Plain Fancy TotalDLHs9,000 15,000 24,000Setups1,032 936 1,968Part types624 240 864The manufacturing overhead that would be applied to a unit of Plain under the company's traditional costing system is closest to: A. $11.73. B. $19.94. C. $3.20. D. $8.21.