According to the text, intellectual capital is the difference between the market value and the book value of a firm. Intellectual capital can be increased by
A. increasing retention of below average workers.
B. decreasing labor costs.
C. attracting and retaining knowledgeable workers.
D. increasing the turnover of employees.
Answer: C
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________ refer to the psychological profiles of individuals and to psychologically-based measures of lifestyle, such as brand loyalty and risk taking
A) Psychometrics B) Psychographics C) Demographics D) Geo-demographics E) Ego-profiling
Schedule M-3 is similar to Schedule M-1 in that the form is designed to reconcile net income per books with taxable income. However, an objective of Schedule M-3 is more transparency between financial statements and tax returns than that provided by Schedule M-1.
Answer the following statement true (T) or false (F)
LaCharles made a charitable contribution of property that he valued at $80,000. He deducted this amount as an itemized deduction on his tax return. The IRS can show that the actual value of the property is $50,000. LaCharles is in the 32% Federal income tax bracket. Determine the amount due for any penalty.
What will be an ideal response?
Propex Corporation uses a voucher register and does not record invoices in a subsidiary ledger. Propex will probably benefit most from the additional cost of maintaining an accounts payable subsidiary ledger if:
A. Partial payments to vendors are continuously made in the ordinary course of business. B. There are usually invoices in an unmatched invoice file. C. Vendors' requests for confirmation of receivables often go unanswered for several months until paid invoices can be reviewed. D. It is difficult to reconcile vendors' monthly statements.