A variance is the difference between a standard cost and a budgeted cost

Indicate whether the statement is true or false


F

Business

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Brown Office Supplies recently reported $18,000 of sales, $8,250 of operating costs other than depreciation, and $1,750 of depreciation. It had $9,000 of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40%. How much was the firm's earnings before taxes (EBT)?

A. $5,749 B. $8,918 C. $7,370 D. $8,033 E. $7,223

Business

Explain the essence and importance of each of the stages in the financial life cycle

What will be an ideal response?

Business

An order or promise in an negotiable instrument must be conditional

Indicate whether the statement is true or false

Business

The primary party on a draft is the drawee, assuming that the drawee has accepted the draft

Indicate whether the statement is true or false

Business