Which of the following would not be included in a selling and administrative expenses budget?
A. Cash payments for selling and administrative expenses
B. Budgeted interest expense
C. Budgeted rent expense
D. Budgeted salary expenses
Answer: B
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Distinguish between a note and a certificate of deposit. How are they alike? How are they different? Explain your answer
Ellie, a CPA, incurred the following deductible education expenses to maintain or improve her skills:
Travel and transportation $1,700 Registration fees for conferences and seminars 6,000 Self-study course materials 800 Ellie's AGI for the year is $60,000. a. If Ellie is self-employed, what are the amount of and the nature of the deduction for these expenses? b. If, instead, Ellie is an employee who is not reimbursed by her employer, what are the amount of and the nature of the deduction for these expenses (after limitations)?
If cars arrive to a service center randomly and independently at a rate of 5 per hour on average, what is the probability that exactly 5 cars will arrive during a given hour?
A) 0.1755 B) 0.6160 C) 0.1277 D) Essentially zero
Which of the following is not a strategy of corporations in the environment of financialization?
A. nonfinancial companies adding financial services such as offering credit or loans to customers B. repurchasing company stock to drive up the price C. investing in public sector services and infrastructure D. selling off assets of the company after implementing cost-cutting measures