Knitness Menswear, Inc maintains a markup of 60 percent based on cost. The company's selling and administrative expenses average 30 percent of sales. Annual sales were $1,440,000 . Petersen's cost of goods sold and operating profit for the year are Cost of Operating Goods Sold Profit
a. $864,000 $144,000
b. $864,000 $432,000
c. $900,000 $108,000
d. $900,000 $432,000
C
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Which of the following is not a major standard-setting body responsible for the establishment of U.S. and International Financial Reporting Standards?
A) SEC (Securities Exchange Commission) B) PCAOB (Public Company Accounting Oversight Board) C) FASB (Financial Accounting Standards Board) D) IASB (International Accounting Standards Board)
Recall the famous experiment when Dr. Pavlov presented salivating dogs with food at the same time he rang a bell. Eventually, when Pavlov only rang the bell, the dogs would still salivate even though food was not presented. What consumer behavior principle was involved in this research?
A. cognitive learning B. cognitive dissonance C. the scientific method D. behavioral learning E. attitude formation
Explain who is affected when dog walkers don't scoop up after their dogs
When writing a negative message, the writer should begin with a neutral opening
Indicate whether the statement is true or false