Sean has two supervisors who both provide appraisals on his performance. On a scale of 1–5, both supervisors gave Sean a 4.2. It is likely that Sean’s performance appraisal is ______.
A. valid
B. reliable
C. specific
D. feasible
B. reliable
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On December 31, 2018, the Lilly Corporation reported a deferred tax liability totaling $12,000, resulting from depreciation temporary differences pertaining to a depreciable asset purchased during 2018. Lilly uses straight-line depreciation over four years for GAAP (book) purposes; for tax purposes, the depreciation deduction is 40% of cost during 2018, 30% of cost during 2019, 20% of cost during 2020, and 10% of cost during 2021. During 2019, Lilly expensed $75,000 of warranty costs that will be deducted for tax purposes in future years. During 2019 Lilly also accrued revenue totaling $150,000 which is taxable in 2020. Lilly's GAAP (book) income before taxes during 2019 totaled $397,700. The marginal income tax rate is 40% for all years.Requirement: Prepare the journal entry to record
income tax expense for the year ended December 31, 2019. What will be an ideal response?
The percentage-of-sales technique of establishing an overall promotional budget is likely to provide too much funds in periods of high sales and too few funds in periods of low sales
Indicate whether the statement is true or false
Over the years 1981-2000, 4,770 nonfinancial firms exited the U.S. markets for publicly traded equity. Which of the following was the most frequent reason for a firm's exit?
a. Merger or acquisition b. Bankruptcy or liquidation c. The firm reverted to private equity ownership d. The firm changed its listing to a foreign stock exchange
Define “effect size” and explain when one should be calculated and why.
What will be an ideal response?