Answer:
C. subject to review by higher levels of management in order to prevent the budgets from becoming too loose.
Explanation:
Self-imposed budgets typically are subject to review by higher levels of management in order to prevent the budgets from becoming too loose.
Self-imposed budget also known as the participative budget is a type of budget where individuals having responsibility for controlling costs, prepares their own budget estimates and present them to the top level of management for review.
Answer:
LIFO
Explanation:
Recognize that three cost flow assumptions (FIFO, LIFO, and averaging) are particularly popular in the United States. Understand the meaning of the LIFO conformity rule and realize that use of LIFO in the U.S. largely stems from the presence of this tax rule.
Answer:
$190,000
Explanation:
Given that,
Total assets for Arrington Inc. = $1,000,000
Common Stock = $470,000
Retained earnings = $340,000
Total Liabilities = Total Assets - Common Stock - Retained earnings
= $1,000,000 - $470,000 - $340,000
= $190,000
Therefore, Arrington's total liabilities in 2016 is $190,000.
Answer:
The anwers are equity, a claim to partial owernship, van and other bod holders , higher.
Explanation:
Suppose Van would like to invest $2,000 of his savings.
One way of investing is to purchase stock or bonds from a private company.
Suppose RoboTroid, a robotics firm, is selling bonds to raise money for a new lab—a practice known as ___equity____ (Debt or equity) finance. Buying a bond issued by RoboTroid would give Van _____a claim to partial ownership____ (An IOU, a promise pay, from or a claim to partial ownership) the firm. In the event that RoboTroid runs into financial difficulty, _van and other bondholders______________ (Van and other bondholders or the stockholders) will be paid first.
Assuming that everything else is equal, a U.S. government bond that matures 10 years from now most likely pays a ___higher_______ (higher or lower) interest rate than a U.S. government bond that matures 30 years from now.
