Net income was $753,480 in the current year and $655,200 in the prior year. The year-to-year percentage change in net income is an increase of:
A. 55%.
B. 87%.
C. 15%.
D. 13%.
Answer: C
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A. Accounting standards determine which ratios are relevant and useful for the analysis. B. Background on the company, its industry, and the economy is part of the analysis overview. C. Evidential matter includes ratios, trends, comparisons and all analytical measures. D. The executive summary provides a brief analysis of results. E. The analysis overview includes background on the company, its industry, and the economy.
A job process has the highest level of customization of the process choices
Indicate whether the statement is true or false
A taxpayer's return is audited and additional taxes are assessed. The IRS also asserts that a negligence penalty should be assessed. The taxpayer concurs with the additional $15,000 tax liability; $7,000 of this amount is attributable to negligence. What is the amount of the penalty for negligence?
A) $700 B) $1,400 C) $5,600 D) $1,750
The exponential smoothing forecast has the same value as the naïve forecast when ? in the exponential smoothing model is equal to:
a. 0 b. 0.5 c. 1 d. Insufficient information provided to determine answer