Five-step decision-making process, manufacturing. madison foods makes frozen dinners that it sells through grocery stores. typical products include turkey, pot roast, fried chicken, and meatloaf. the managers at madison have recently proposed a line of frozen chicken pies. they take the following actions to decide whether to launch the line. a. madison’s test kitchen prepares a number of possible recipes for a consumer focus group. b. sales managers estimate they will sell more chicken pies in their eastern sales territory than in their western sales territory. c. managers discuss the possibility of introducing a new chicken pie. d. managers compare actual labor costs of making chicken pies with their budgeted costs. e. profits from selling chicken pies are budgeted. f. the company decides to introduce a new chicken pie. g. to decide whether to introduce a new chicken pie, the company researches the price and quality of competing chicken pies

9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u.s. parent on bank deposits held in london d. interest received by a u.s. parent on a loan to a subsidiary in mexico e. principal repayment received by u.s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u.s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation