Slumberland sold an $800 couch to Charles, and he paid cash. The sales tax rate is 8.5%. Looking at the transaction from Slumberland's point of view, which of the following statements is false?
A. Sales Tax Payable would be credited $68
B. Sales would be credited for $800
C. Cash would be debited for $868
D. Sales Tax Expense would be debited for $68
Ans: D. Sales Tax Expense would be debited for $68
Business
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In terms of ethical frameworks for reasoning, making decisions based on the belief that each person has fundamental rights that should be respected and protected is:
A) utilitarianism B) individualism C) the justice approach D) the rights approach
Business
A cell phone maker customized its cell phones for the Asian market by raising the ring volume so that phones could be heard on crowded streets. This is an example of product invention
Indicate whether the statement is true or false
Business