________ is a solicitation document used by organizations to obtain general information about services, products and suppliers.
a. RFP
b. RFI
c. RFQ
d. None of the choices
e. Purchase Requisition
b
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Which of the following is not a true statement regarding comprehensive income tax allocation?
a. Tax allocation is made necessary by the timing differences between when an item reaches the income statement and when it appears on the tax return. b. The difference between the income tax expense and the income tax liability numbers appears on the income statement. c. When timing differences arise, tax allocation must take place, despite the possibility of relevant circumstantial differences. d. Permanent differences between financial statements and tax returns are not subject to the allocation process.
At the time the transaction occurred, which of the following would result in an increase in net income under the accrual basis of accounting, but would not result in an increase in net income under cash basis accounting?
A) purchase of supplies for cash B) performance of services on account C) use of supplies purchased earlier D) receipt of cash for services that were performed earlier on account
Pelican Corporation receives a ten-month $200,000 discount interest loan with a 14 percent quoted (simple) interest rate. What is the annual percentage interest rate for the loan? (Round your answer to two decimal places.)?
A. ?15.54% B. ?14.96% C. ?15.85% D. ?16.08% E. ?14.75%
Product managers are most useful in the development of new products.
Answer the following statement true (T) or false (F)