The decisions concerning an organization's goals and future plans are called a. tactical decisions. b. strategic decisions. c. operational decisions. d. financial decisions.

Reese, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December, she received a $31,000 bill from her accountant for consulting services related to her small business.

Revenues are taxed: a. for economic stabilization. b. to achieve socially desirable goals. c. to provide revenues for government expenditures. d. all of these.

Earned value is: Group of answer choices The real budgeted value of the work that has actually been performed to date. The total budget for the project. A cost estimate of the budgeted resources across the project's life cycle.

Widden Company, which sells electric razors, had $320,000 of the cost of goods sold during the month of June. The company projects a 9 percent increase in the cost of goods sold during July.

A monopolistic competitive firm is currently charging a price of $10 and producing 12,000 units/month. It faces monthly fixed costs of $15,000 and has an average variable cost of $6/unit. In the long run, we would expect:

Josh and Joe are opening a couture clothing boutique. There are no competing couture clothing boutiques in the area. They must decide how to organize the business.

An accumulated depreciation account has a normal credit balance. increases on the debit side. is a contra-liability account. is offset against total assets on the balance sheet.

If women are underutilized in an organization, the organization should implement plans to correct the underutilization. the organization should implement hiring quotas for women until the underutilization no longer exists.

Which of the following is a deficiency of using a static planning budget in performance reports? A. The report compares actual revenues and costs at one level of activity with budgeted revenues and costs at the same level of activity B.

Cindy is concerned because during the past four months her company has experienced difficulty in paying its bills on time. She knows if this continues, the firm will have difficulties in accomplishing its goals. Cindy is concerned with:A.