A performance report
A) compares actual costs with budgeted costs
B) always uses static budgets
C) usually uses flexible budgets
D) both compares actual costs with budgeted costs and always uses static budget
E) both always uses static budgets and usually uses flexible budgets
A
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Which of the following items appear on the corporate income statement before income from continuing operations?
a. cumulative effect of a change in accounting principle b. income tax expense c. extraordinary gain d. loss on discontinued operations
At the beginning of the year, Clampett, Inc., had $100,000 in its AAA and $60,000 of earnings and profits from prior C corporation years. During the year, Clampett, Inc., earned $50,000 of ordinary income and paid $200,000 in distributions to its shareholders. Assume that J.D. owns 25 percent of Clampett, Inc., his basis in Clampett, Inc., at the beginning of the year is $10,000, and his share of the distribution was $50,000. How much, if any, of the distribution is taxable as a capital gain?
A. $27,500. B. $40,000. C. $15,000. D. $0. E. None of the choices are correct.
Answer the following statements true (T) or false (F)
1.Managers throughout public organizations today are unlikely to be called on to represent their organizations externally. 2.Major developments in public policy are likely to occur through a difficult and convoluted process of bargaining and negotiation. 3.Traditional mechanisms of governmental control are still workable and very appropriate. 4.Public managers at all levels are unlikely to be involved in external relations, so only need to develop skills required for them to manage the internal operations of their organizations. 5.Public distrust of government probably has decreased the attention that legislators pay to agency activities.
Which of the following factors leads to problems in implementing CPFR?
a. supply chain partners unable to determine common goals b. collaboration among supply chain partners in sharing sensitive information c. supply chain partners left to determine common goals d. collaboration among supply chain partners in demand planning and forecasting