A budgeting method that derives the subsequent year's budget from the current year's budget is called:
A. Planning-programming-budgeting.
B. Performance budgeting.
C. Incremental budgeting.
D. Zero-based budgeting.
Answer: C
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Describe the uses for each of the five types of ratios.
What will be an ideal response?
When an instrument has a forged indorsement, the loss usually falls on its maker or drawer.
Answer the following statement true (T) or false (F)
Oriental Corporation has gathered the following data on a proposed investment project: Investment in depreciable equipment$200,000 Annual net cash flows $50,000 Life of the equipment 10yearsSalvage value$0 Discount rate 10%The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment.The net present value of this investment would be:?See separate Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided.
A. $200,000 B. $77,200 C. $107,250 D. $(14,350)
Surveys of stakeholders can be used to gather only quantitative data
a. True b. False Indicate whether the statement is true or false