An activity was given a planned budget of $10,000. If 80% of that activity was completed, what was the resulting value?
A. $80,000
B. $8,000
C. $800
D. $80
B. $8,000
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The two most common causes of organizational lying are ______ and ______.
Fill in the blank(s) with the appropriate word(s).
On January 1, Year 1, Wayne Company issued bonds with a face value of $1,080,000, a 11% stated rate of interest, and a 10-year term. Interest is payable in cash on December 31 of each year. Wayne uses the straight-line method to amortize bond discounts and premiums.Assuming Wayne issued the bond for 104, what is the amount of interest expense that will be reported on the income statement for the year ending December 31, Year 1?
A. $43,200 B. $118,800 C. $123,120 D. $114,480
Which is the most important component of an information system? Why?
What will be an ideal response?
Many observers believe that firms "manage" their income statements to _______.
A. minimize taxes over time B. maximize expenditures C. smooth their earnings over time D. generate level sales