Which one of the following is a more serious concern in terms of an adverse variance from budget?
a. a negative variance of $10,000 in budget expenditures
b. a $10,000 shortfall in value earned on the project to date
c. a positive variance of $10,000 in budget expenditures
d. a $10,000 surplus in value earned on the project to date
b. a $10,000 shortfall in value earned on the project to date
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Which of the following criteria is applicable with respect to determining when a variable interest entity (VIE) must be consolidated into the sponsoring firm's financial statements?
A. A consolidation must occur if the firm is entitled to receive all of the VIE's residual returns. B. A consolidation must occur if the firm has a controlling financial interest and is the VIE's primary beneficiary. C. A consolidation must occur if the sponsoring firm owns more than 50% of the VIE's equity. D. A consolidation must occur regardless of the risk of loss exposure.
Briefly describe how distortions may occur during the encoding process, or the process by which messages are put into symbolic form.
What will be an ideal response?
King Corporation borrowed $75,000 during Year 2 from its bank under a short-term borrowing arrangement. The statement of cash flows for King Corporation classifies the transaction as a(n)
a. operating activity b. investing activity. c. financing activity. d. lending activity. e. exchange activity.
The sole proprietor of Sam's Swings is interested in gaining a better understanding of his current customers in terms of certain demographic and lifestyle characteristics so he may better serve their needs. For this purpose, he should most appropriately conduct ________ research.
A. causal B. exploratory C. descriptive D. academic E. random