Tax returns selected for most audits are selected by the Discriminant Function System.

Answer the following statement true (T) or false (F)


True

Business

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As it relates to a formal business plan, the ________ defines how the company will generate revenue and produce a profit

A) marketing strategy B) business model C) action forecast D) financial projection E) mission and objectives

Business

Meggie's Fitness Center received $800 from a customer in advance for a one-year membership in the fitness center. The entry that would be made to record the fee receipt is

A) Unearned Revenue 800Cash 800 B) Cash 800 Unearned Revenue 800 C) Unearned Revenue 800 Revenue 800 D) Revenue 800 Unearned Revenue 800

Business

Deeds generally end with:

a. the grantor's signature. b. a seal. c. an acknowledgment before a notary public to verify the authenticity of the document. d. All of these.

Business

A small manufacturer that offers "hand crafted" furniture has developed a new style of desk that they believe will be very successful in the marketplace. It is expected that the first desk will take about 60 hours of craftsmen's time to complete

They expect a 90% learning curve for this desk. How long will it take to make the 20th desk? The firm is considering accepting an order for 25 desks. How many hours of labor will this require for all 25?

Business