Brown Office Supplies recently reported $18,000 of sales, $8,250 of operating costs other than depreciation, and $1,750 of depreciation. It had $9,000 of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40%. How much was the firm's earnings before taxes (EBT)?
A. $5,749
B. $8,918
C. $7,370
D. $8,033
E. $7,223
Answer: C
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Which of the following personality traits can most strongly predict the predisposition to behave unethically?
A. a postconventional level of moral development B. Machiavellianism C. an internal locus of control D. cooperativeness
As outlined in your text, all of the following are part of the feature-advantage-benefit approach except
A. it should communicate the value of the product to the customer. B. it should refute any complaints or objections about the product. C. it should describe the products advantages in comparison with alternatives. D. it should detail how the product will provide benefits for the potential customer. E. it should accurately convey the product's major features.
Continuous budgeting is the practice of revising the budgets as time passes.
Answer the following statement true (T) or false (F)
Accrual-basis accounting is superior to cash-basis accounting in that:
A. there is only one method of preparing the operating activities of the statement of cash flows. B. the cash balance reported will be greater. C. it provides a better measure of profitability. D. a statement of cash flows is not needed.