Which of the following statements is true of the financial breakeven point??
A. ?It determines the impact of a firm's financing mix on its earnings per share.
B. ?It determines the level of sales of a new product required for the firm to achieve profitability.
C. ?It determines the effects of a general expansion in the level of a firm's operations.
D. ?It analyzes the consequences of purchasing modernization projects where the fixed investment in equipment is increased.
E. ?It represents the level of production and sales at which net operating income is zero.
Answer: A
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One year ago Lerner and Luckmann Co. issued 15-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 14 years to maturity?
A. $1,077.01 B. $1,104.62 C. $1,132.95 D. $1,162.00 E. $1,191.79
Since the 1970s, over a million immigrants ________ to the United States
A) have came B) had come C) have come D) had came
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