A cost that requires a future outlay of cash, and is relevant for current and future decision making, is a(n):
A) Out-of-pocket cost.
B) Sunk cost.
C) Opportunity cost.
D) Operating cost.
E) Uncontrollable cost.
A) Out-of-pocket cost.
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To save the audience time when reading and responding to a communication, the communication should be what?
A) Timely B) Electronic C) Efficient D) Detailed E) Written
When writing a routine request, it is always good manners to thank the reader in advance for their cooperation
Indicate whether the statement is true or false.
For a gift of ownership of real property to be valid, the donor must:
A. deliver a properly executed deed to the property to the donee. B. ensure that the donee or third party takes possession of the property. C. will it to a third party. D. simply attempt to make the gift without delivering the deed.
The Fortune Company reported the following income for Year 2:Sales$130,000 Cost of goods sold 80,000 Gross margin$50,000 Selling and administrative expense 15,000 Operating income$35,000 Interest expense 5,000 Income before taxes$30,000 Income tax expense 10,000 Net income$20,000 What is the company's number of times interest earned ratio?
A. 7 times B. 4 times C. 6 times D. None of these answers is correct.