Under federal guidelines, when is a cost considered reasonable?
What will be an ideal response?
A cost is defined as reasonable if, in its nature and amount, it "does not exceed that which would be incurred by a prudent person under the circumstances prevailing at the time the decision was made to incur the cost." Since the reasonableness of certain items of costs may be difficult to determine, nonfederal entities may seek the prior written approval of the federal awarding agency in advance of the incurrence of special or unusual costs.
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Which of the following describes a computer-based system in which users' messages appear on each other's screens instantly?
A. Wikis B. Microblogs C. Blogs D. Email E. Instant messaging
A role consists of the activities people are expected to perform according to the people around them
Indicate whether the statement is true or false
Companies HD and LD have identical amounts of assets, investor-supplied capital, operating income (EBIT), tax rates, and business risk. Company HD, however, has a higher debt ratio than LD. Company HD's return on investors' capital (ROIC) exceeds its after-tax cost of debt, rd(1 - T). Which of the following statements is CORRECT?
A. Company HD has a higher return on assets (ROA) than Company LD. B. Company HD has a higher times interest earned (TIE) ratio than Company LD. C. Company HD has a higher return on equity (ROE) than Company LD, and its risk as measured by the standard deviation of ROE is also higher than LD's. D. The two companies have the same ROE. E. Company HD's ROE would be higher if it had no debt.
Repayments of loans will be reported as a:
A. cash outflow under investing activities. B. cash inflow under financing activities. C. cash outflow under financing activities. D. cash inflow under investing activities.