For questions 1-10, fill in the blank with the letter of the term or description that best matches
the term.
descriptions:
a. the amount of an employee's income that an employer sends directly to the federal, state, or local
tax authority
b. taxes, insurance, and saving plans deducted from a paycheck
c. provides a summary of the payroll information for each pay period
d. commission, hourly rate, and salary
e. fee paid for providing a service, usually as a percentage of the total amount of the business
transacted
f. social security, medicare, federal, and state taxes
g. type of payment where an employee is only paid for the hours worked
h. health insurance, retirement plans, life insurance, and stock purchase plans
i. a payment amount that is paid yearly, and is then divided into weekly, biweekly, or monthly
payments throughout the year
j. deductions that are untaxed

Recently, verizon wireless ran a pricing trial in order to estimate the elasticity of demand for its services. the manager selected three states that were representative of its entire service area and increased prices by 5 percent to customers in those areas. one week later, the number of customers enrolled in verizon's cellular plans declined 4 percent in those states, while enrollments in states where prices were not increased remained flat. the manager used this information to estimate the own-price elasticity of demand and, based on her findings, immediately increased prices in all market areas by 5 percent in an attempt to boost the company's 2016 annual revenues. one year later, the manager was perplexed because verizon's 2016 annual revenues were 10 percent lower than those in 2015"the price increase apparently led to a reduction in the company's revenues. did the manager make an error? yes - the one-week measures show demand is inelastic, so a price increase will decrease revenues. yes - the one-week measures show demand is elastic, so a price increase will reduce revenues. yes - cell phone elasticity is likely much larger in the long-run than the short-run. no - the cell phone market must have changed between 2011 and 2012 for this price increase to lower revenues.

For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers

You were able to purchase two tickets to an upcoming concert for $100 apiece when the concert was first announced three months ago. recently, you saw that stubhub was listing similar seats for $225 apiece. what does it cost you to attend the concert?