A firm expects to have a 15 percent increase in sales this year. If its degree of operating leverage is 1.2 and its degree of financial leverage is 3.5, what will be the percentage change in earnings per share (EPS) this year?
A. 4.2%
B. 48.05%
C. 63.0%
D. 52.5%
E. 18.0%
Answer: C
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What is the theory that claims power emerges out of the sub-units ability to influence decision-making relating to the allocation of scarce resources in an organization, and as a result, these sub-units attract even more resources?
a. Resource Dependency Theory b. Strategic Contingencies Theory c. Power Resource Theory d. Force Field Theory
Frank Company earned $15,000 of cash revenue. Which of the following accurately reflects how this event affects the company's accounting equation? Assets=Liabilities+CommonStock+RetainedEarningsA.15,000=NA+15,000+NAB.15,000=NA+7,500+7,500C.15,000=NA+NA+15,000D.15,000=15,000+NA+NA
A. Option A B. Option B C. Option C D. Option D
Under the modified accrual basis of accounting applicable to governmental fund types, property tax revenue is accrued and recorded at net realizable value.
Answer the following statement true (T) or false (F)