Which of the following is subject to depletion?
a. A timber tract
b. Land improvements
c. A copyright
d. Land
A
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Although marketable securities may be retained for several years, they continue to be classified as temporary, provided they are readily marketable and can be sold for cash at any time
a. True b. False Indicate whether the statement is true or false
Sales revenue equals the product cost per unit times the number of units sold
Indicate whether the statement is true or false
Which of the following statements is FALSE about SCOP?
a. It offers ability to attract new capital from investors interested in sustainability. b. It increases risks and costs associated with scarcity of raw materials and increased availability of energy resources. c. It increases quality and innovations. d. It results in sources and opportunities for increased revenue from new projects produced to reduce carbon emissions.
Alvarez Technologies has sales of $3,000,000. The company's fixed operating costs total $500,000 and its variable costs equal 45.00% of sales, so the company's current operating income is $1,150,000. The company's interest expense is $500,000. What is the company's degree of total leverage (DTL)?
A. 3.0715 B. 2.9700 C. 2.1069 D. 2.5385 E. 3.0208