Entitlings are a form of proactive prevention strategy that involves claiming responsibility for positive outcomes of events
Indicate whether the statement is true or false
TRUE
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Credibility of the information being presented can be established by
a. using quotes. b. using statistics. c. using personal examples. d. listing or mentioning the sources
The BPR organizational structure must coincide with the project governance
Indicate whether the statement is true or false
Canton Company estimates sales of 12,000 units for the upcoming period. At this sales volume its budgeted income is as follows: Per Unit 12,000 UnitsSales$30 $360,000 Less variable costs: Manufacturing costs 16 192,000 Selling and administrative costs 8 96,000 Contribution margin$6 $72,000 Less fixed costs: Manufacturing costs 20,000 Selling and administrative costs 45,000 Net income $7,000 During the period the company actually produced and sold 14,000 units.Required:1) The manager now wants to evaluate the company's performance by comparing actual costs and revenues to those shown above, but you have advised against it. Explain your reasoning. 2) Prepare a flexible budget based on 14,000 units. 3) If
management compares actual revenues and costs to the appropriate flexible budget, will they be able to fully understand what went right and what went wrong with the operation during the period? Why or why not? What will be an ideal response?
Taxable income (TI) is computed after subtracting from adjusted gross income (AGI) the standard deduction or itemized deductions.
Answer the following statement true (T) or false (F)