Which of the following was charged with developing recommendations for paths toward economic and social development that would not achieve short-term economic growth at the expense of long-term environmental and economic sustainability?

A. The Binding Commission
B. The Brundtland Commission
C. The Barentsburg Commission
D. The Bluewash Commission


Answer: B

Business

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[APPENDIX] For 2016, Wasabi Company has accounting revenues of $6,000 . However, because of temporary differences between tax and accounting, $1,000 of this is not subject to tax. If expenses are $3,000 for both tax and accounting, and the tax rate is 40%, what is the amount of tax payable to the IRS?

a. $400 b. $800 c. $1,200 d. $1,600

Business

A company must make adjustments to the financial statements for certain events that occur after the end of the accounting period. ?

Indicate whether the statement is true or false

Business

The costs and revenues associated with two alternatives are listed below:  Alternative 1 Alternative 2Projected revenue$100,000  $125,000 Unit-level costs 20,000   30,000 Batch-level costs 20,000   25,000 Product-level costs 15,000   15,000 Facility-level costs 10,000   10,000  Which alternative should be selected based on this information?

A. Alternative 1 because it has a higher profit. B. Alternative 2 because it has a higher profit. C. Alternative 1 because it has fewer unit-level costs. D. Alternative 2 because it has the same product- & facility-level costs.

Business

What do profitability ratios measure and what is their significance?

Business