The following totals for the month of April were taken from the payroll register of Magnum Company: Salaries $10,000 FICA taxes withheld 750 Income taxes withheld 2,000 Medical insurance deductions 450 Unemployment taxes 420 The entry to record accrual of employer's payroll taxes would include a
a. debit to Payroll Tax Expense for $1,170
b. debit to FICA Taxes Payable for $1,500
c. credit to Payroll Tax Expense for $420
d. debit to Payroll Tax Expense for $1,620
a
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a. True b. False Indicate whether the statement is true or false
US firms spend more on sales forces and sales force materials than on any other promotional method
Indicate whether the statement is true or false
Joe was the CEO of Joe’s bait and tackle in Baton Rouge, LA. Joe started the company years ago and he arranged it so that all the employees in his company had to get his approval whenever a customer asked for a refund. This often resulted in unhappy customers because Joe was not always available when a customer came by the store to return an item. One of Joe’s employees, Tyrone, suggested to Joe that employees be allowed to return a customer’s money if the sale was less than 20 dollars. Given that most sales returns were less than 20 dollars, this would satisfy most customers and save Joe time. This scenario is an example of what type of innovation?
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Indicate whether the statement is true or false