Which type of leadership is officially designated by the organization?
A. official leader
B. formal leader
C. authorized leader
D. endorsed leader
B. formal leader
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What is the typical range for the setting of audit risk?
a. 1% - 10% b. 1% - 5% c. 0% - 5% d. 0% - 10%
When an organization rewards the same set of behaviors that it says are important, this is an example of the ______.
a. encouragement of in-group membership b. discouragement of out-group membership c. reinforcement of shared values d. establishment of storming
A company is considering two alternative investment opportunities, each of which requires an initial cash outlay of $110,000. The expected net cash flows from the two projects follow: Project A Project Z Year 1 ……………… $ 30,000$ 44,000Year 2 ………………44,000 70,000Year 3……………… 70,000 30,000Totals ……………… $144,000$144,000 Based on a comparison of their net present values, and assuming the same discount rate of 12% is required for both projects, which project is the better investment? Use the table values below to compute the net present value of each project's cash flows.Periods Present value of 1 at 12%1……………….0.89292……………….0.79723……………….0.7118
What will be an ideal response?
Lois and Benjamin own a chalet in New Mexico and rented it for 12 days for $6,000. The rest of the year, the chalet was used by them and their friends and family. What is the proper tax treatment of the $6,000 income?
A. none of the rental income needs to be reported as part of gross income. B. the amount should be reported on Schedule E. C. the amount should be reported as other income. D. the amount should be reported on Schedule C.