Simulation methodology can be used as a prescriptive analytics tool
a. True
b. False
A
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An offeror uses blackmail to make an offeree sign a contract that involves the sale of the offeree's house. The contract is ________
A) valid B) void C) voidable D) unenforceable
Which of the following represents a cash flow from operating activities?
A) dividends paid B) increase or decrease in current liabilities C) increase or decrease in fixed assets D) repurchasing stock
Norm and Frank have a legal contract that is silent with regard to an assignment of the contract. In order for Norm to assign all or part of his rights under a contract, Frank must grant such permission to Norm.
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1. If a taxpayer's total tax liability is $4,000, taxable income is $20,000, and total economic income is $40,000, then the effective tax rate is 20 percent. 2. All states impose a state income tax which is generally based on an individual's federal adjusted gross income (AGI) with minor adjustments. 3. The unified transfer tax system, comprised of the gift and estate taxes, is based upon the total property transfers an individual makes during lifetime and at death. 4. Gifts between spouses are generally exempt from transfer taxes. 5. The primary liability for payment of the gift tax is imposed upon the donee.