Freight-in is considered a cost of merchandise purchased
Indicate whether the statement is true or false
T
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Answer the following statements true (T) or false (F)
1. The budgeted multi-step income statements of both manufacturing and merchandising companies include the calculation of gross profit. 2. Use of advanced technology makes it more cost effective for managers to conduct sensitivity analysis. 3. Sensitivity analysis is a what-if technique. 4. Budgeting software is often designed as a component of the company's Enterprise Resource Planning (ERP) system.
Answer the following statements true (T) or false (F)
1. An economic strike is a strike that occurs when workers are unhappy with a country's general economic conditions and seek to apply pressure to government officials to improve the economy. 2. Workers cannot be disciplined or discharged for participating in unfair labor practice strikes even if the NLRB ultimately determines that the employer is innocent of any wrong-doing. 3. Regardless of whether workers strike over "mandatory" or "permissive" bargaining issues, the NLRA protects their right to strike and they cannot be discharged or disciplined for their strike activity. 4. Public sector strikes are often not allowed in part because it is believed that they have the potential to seriously harm the public interest. 5. If the President thinks a strike will be dangerous to the national health or safety, the Taft-Hartley Act empowers the President to halt a strike while an arbitrator investigates and issues a final and binding decision.
Vegan Foods Inc has a current capital structure of 30% debt, 70% equity, and are in a 40% tax bracket. However, after speaking with their investment bankers they have decided to increase their debt to 40% of total capital
Some of the firm's managers are concerned that there may an increase in risk for stockholders due to the increased financial obligations resulting from the increased debt load. Currently, the levered beta for the firm is 1.20. Use your knowledge of levered and unlevered betas to estimate the new levered beta for existing shareholders.
Customers are likely to be more price sensitive when
A. they have to pay the bill themselves. B. the end benefit isn't very significant. C. the total expenditure is great. D. they haven't yet spent any money related to the purchase. E. All these answers are correct.