Which of the following is NOT considered a project indirect cost?
A. Interest
B. The project manager's salary
C. Supervision
D. Consultants
E. Equipment
Answer: E
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One of the reasons why a salesperson must constantly look for new prospects is to:
A. increase product sales. B. gain additional sales presentation experience. C. prevent the loss of current customers. D. fill-in otherwise unproductive parts of the day. E. fulfill corporate social responsibilities.
Assume an organization has total current assets of $300,000; total current liabilities of $75,000; inventories of $150,000; prepaid expenses of $25,000; net sales of $800,000; and beginning accounts receivable of $100,000 and ending accounts receivable of $74,000 . What is the current ratio for this organization?
a. 17.9 b. 3.0 c. $225,000 d. 4.0
Mountain gap strategies refer to unique
a. resources. b. locations. c. people. d. markets.
Kurton Inc. owned 90% of Luvyn Corp.'s voting common stock. The consideration paid exceeded book value by $110,000. Of this amount, one half is attributable to a patent and is to be amortized over 5 years. Luvyn held 20% of Kurton's voting common stock, which cost $28,000 more than fair value. During the current year, Kurton reported separate net income of $224,000 as well as dividend income from Luvyn of $37,800. At the same time, Luvyn reported its separate net income of $70,000 as well as dividend income from Kurton of $19,600.Required:Using the treasury stock approach, prepare a schedule to show what is reported as the net income attributable to the noncontrolling interest in Luvyn.
What will be an ideal response?