The ________ is a business and IT professional who heads the IT staff in large organizations, sits on the executive board, and is an active participant in organizational strategic planning

A) chief executive officer
B) chief information officer
C) chief operating officer
D) chief financial officer


B

Business

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Longitude Company borrowed on a two-year, 10%, $150,000 note on May 1, with interest and principal to be paid at maturity. How much interest will Longitude report on its income statement for the year ending December 31?

a. $ 10,000 b. $ 15,000 c. $ 30,000 d. $ 5,000

Business

Financial statements are prepared directly from the combination journal

Indicate whether the statement is true or false

Business

Caliber Lawnmowers is considering the purchase of a new machine costing $814,000

The company's management is estimating that the new machine will generate additional cash flows of $194,000 a year for ten years and have a residual value of $52,000 at the end of ten years. What is the machine's payback period? (Round your answer to two decimal places.) A) 4.20 years B) 6.37 years C) 3.33 years D) 5.22 years

Business

Deeded timesharing provides buyers with actual titles and deeds to limited time periods of use of real estate

a. True b. False Indicate whether the statement is true or false

Business