The liability account that presents on the trial balance (also the balance sheet) the amount that is currently owed to the employees of the business is the Wages Payable account
Indicate whether the statement is true or false
true
You might also like to view...
Which of the following formulas is the best representation of the concept of target costing?
a. target cost + profit margin = selling price b. selling price - target cost = profit margin c. selling price - profit margin = target cost d. target cost - standard cost = profit margin
Which of the following is true of a target market characterized by widely scattered potential customers, highly informed buyers, and brand-loyal repeat purchasers?
a. It requires a promotional mix with more social media and less sales promotion. b. It requires a promotional mix with more personal selling and less advertising. c. It requires a promotional mix with more advertising and less personal selling. d. It requires a promotional mix with more sales promotion and less social media.
Marketers want their firms to develop excellent supply chain management and strong supplier relations so they can
A. use their power within the supply chain to force weaker firms to accept less favorable pricing. B. create a sustainable competitive advantage. C. control prices and lock in margins. D. persuade stores to refuse to carry competitors' products. E. justify charging higher prices than competitors do.
Nordic Avionics makes aircraft instrumentation
Its basic navigation radio requires $70 in variable costs and $3,000 per month in fixed costs. Further processing the radio, to enhance its functionality, will require an additional $26 per unit of variable costs but no change to the fixed costs. The marketing manager believes that the company would be able to increase the sales price from $270 to $290. If Nordic decides to further process the product, operating income would ________. A) remain the same B) increase by $26 per unit C) increase by $96 per unit D) decrease by $6 per unit