Answer the following statement(s) true (T) or false (F)
Sometimes a successor is needed because the business environment changes and a parallel change is needed at the top.
ANSWER: True
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Answer the following statements true (T) or false (F)
1. When commemorating a special event in an epideictic presentation, a speaker should always do so in a highly formal manner. 2. An informative speech seeks to increase the audience’s understanding about a topic. 3. A speaker who uses humor during a serious event and offends the audience most likely failed to effectively consider the occasion. 4. When someone asks you to give a presentation, it is perfectly okay to ask the person about the location and the setup. 5. Generally, a larger audience reflects a more casual occasion, whereas a smaller audience reflects a more formal occasion.
To determine the slope of the variable cost from a scatter diagram, divide the change in units by the change in cost.
Answer the following statement true (T) or false (F)
The Kaplans, who live in Boise, Idaho, had adjusted gross income of $140,000 in 2018. During the year, their principal residence was severely damaged by a house fire in a federally declared disaster area. The pertinent financial information is as follows: Cost basis =$134,000Value before casualty =$156,000Value after casualty =$20,000The Kaplans had some insurance and in 2018 reached a settlement with the insurance company for $110,000 insurance settlement. What is their allowable casualty loss deduction for 2018?
A. $9,900. B. $36,000. C. $23,900. D. None of these.
A firm has sales of $1 million, net income of $250,000, total current assets of $300,000, and accounts receivable of $200,000. The firm's accounts receivable turnover is
A) 0.33 times. B) 0.20 times. C) 1.50 times. D) 5.00 times. E) 1.25 times.