The contribution margin:
A) is dependent upon achieving a minimal level of output.
B) increases as the level of output decreases.
C) decreases as the level of output decreases.
D) has a major effect on the present value break-even point.
E) changes indirectly to a firm's tax rate changes.
D) has a major effect on the present value break-even point.
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If a bank compounds savings accounts quarterly, the effective annual rate will exceed the nominal rate.
Answer the following statement true (T) or false (F)
What is meant by prepayments due to rate/term refinancing?
What will be an ideal response?
Wadding Corporation applies manufacturing overhead to products on the basis of standard machine-hours. For the most recent month, the company based its budget on 3,600 machine-hours. Budgeted and actual overhead costs for the month appear below: Original Budget Based on 3,600 Machine-Hours-Actual CostsVariable overhead costs: Supplies$11,160 $11,830 Indirect labor 26,280 27,970 Fixed overhead costs: Supervision 19,700 19,340 Utilities 5,900 5,770 Factory depreciation 6,900 7,210 Total overhead cost$69,940 $72,120 ?The company actually worked 3,900 machine-hours during the month. The standard hours allowed for the actual output were 3,890 machine-hours for the month. What was the overall variable overhead efficiency variance for the month?
A. $656 Favorable B. $104 Unfavorable C. $760 Favorable D. $180 Favorable
Statman, Fisher, and Anginer (2008) found that stocks ranked high in Fortune’s Survey of Most Admired Companies tended to have lower average risk-adjusted returns than the least admired firms. This could be attributed to
A. framing B. mental accounting C. affect D. prospect theory