The "cash flow test" for the payment of dividends and other distributions is also known as the:
a. equity insolvency test.
b. balance sheet test.
c. surplus test.
d. net assets test.
a
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What is a weakness of a simple structure?
A. Duplication of activities and resources increases costs and reduces efficiency. B. Functional specialists become insulated and have little understanding of what other units are doing. C. Pursuit of functional goals can cause managers to lose sight of what is best for the overall organization. D. Reliance on a single person is risky.
If a bond is issued at a premium, the issue price is greater than face value
Indicate whether the statement is true or false
Ibsen Clinic uses client-visits as its measure of activity. During December, the clinic budgeted for 3,300 client-visits, but its actual level of activity was 3,340 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for December:Data used in budgeting: Fixed Element per MonthVariable element per client-visitRevenue - $40.00 Personnel expenses$32,400 $13.40Medical supplies 1,500 4.80Occupancy expenses 9,100 2.10Administrative expenses 6,700 0.40Total expenses$49,700 $20.70?Actual results for December: ?Revenue$134,170 Personnel expenses$80,776?Medical supplies$17,302?Occupancy expenses$15,754?Administrative expenses$8,296???The personnel expenses in the planning
budget for December would be closest to: A. $77,156 B. $80,776 C. $76,620 D. $79,809
In which courts may litigation dealing with tax matters begin? Discuss the factors that might be considered in deciding where to begin litigation.
What will be an ideal response?