Answer:
EBIT
Explanation:
As of 2018 US Tax law limits the tax deduction for interest payments to 30 percent of EBIT.
<em>The Office of Tax Policy develops and implements tax policies and programs, reviews regulations and rulings to administer the Internal Revenue Code.</em>
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Lori is exhibiting a type of bias that is well-known as self-serving bias.
Self-serving bias is defined as <u>distortion in perceptual processes due to the need to maintain and enhance the person’s self-esteem – also known as a person’s tendency to see themselves in a favorable manner</u>. In the case of Lori, when she cannot reach her goal, she blames the poor economy, but when she managed to do it, she attributed it to her skills as a salesperson.
Answer:
b. False
Explanation:
Only external reports which are used by various stakeholders (Investors, customers, tax authorities, banks, suppliers etc.) are required to follow <em>reporting framework</em> laid out in GAAP.
However, for Managerial reporting , <em>no strict requirements</em> are set for the preparation of reports as the management use various reporting styles to <u>manage business performance</u>. An example is the use of <em>Variable Costing Income Statements </em>that show the relationship between outputs and costs resulting from different activity levels.
Answer:
A company has designed a new product and tested the prototype. What is the next step in product development ? Test - market the product.
Explanation:
Answer option A) Test - market the product.
Answer:
B. resources are devoted to increasing future output
Explanation:
Investment involves the idea of sowing and reaping. It is act Of putting effort on resources with the aim of making a future gain