Which one of the following sections is least likely to be found in a corporate annual report?
a. Notes to the Financial Statements
b. Forecasts of Cash Flows and Earnings
c. Report of the Independent Accountants
d. Management's Discussion and Analysis
b
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Describe the four steps in the listening process.
What will be an ideal response?
Tony's gross pay for the month is $2700. Tony's deduction for federal income tax is based on a rate of 21%. Tom has no voluntary deductions. Tony's year-to-date pay is under the limit for OASDI. What is the amount of FICA tax withheld from Tony's pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%. Do not round any intermediate calculations, and round your final answer to the nearest cent.)
A) $773.55 B) $206.55 C) $567.00 D) $387.45
A company may prefer to use residual income over return on investment for performance evaluation because ________.
A) residual income is a ratio but return on investment is an absolute figure B) residual income is more likely to lead to goal congruence than return on investment C) residual income is easier to calculate than return on investment D) residual income considers three elements but return on investment considers only two elements
Karen has formulated a line of green cleaning products, which she has tested with local commercial entities with great results. She is now ready to seek money to place the product in stores. What stage of financing is Karen interested in?
a. seed stage financing b. startup financing c. early-stage financing d. continuity financing