A major risk in using commercial paper for short-term financing is the inflexible repayment
schedule.
Indicate whether the statement is true or false
TRUE
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Duty drawback refers to refunds of duties paid on imports that are processed or incorporated into other goods and then re-exported
Indicate whether the statement is true or false
Amy's gross pay for the week is $870.00. Her deduction for federal income tax is based on a rate of 25%. She has voluntary deductions of $245.00. Her year-to-date pay is under the limit for OASDI. What is her net pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%. (Round all calculations to the nearest cent.)
A) $407.50 B) $652.50 C) $585.94 D) $340.94
A retailer's cost of goods sold during the year equals $750,000 and its average inventory on hand (at cost) equals $375,000 . Its annual rate of stock turnover equals 2
Indicate whether the statement is true or false
A company's contribution margin is $100 at a sales level of 5,000 units. The company's operating income is $35,000 . The company's operating leverage is closest to:
a. 13.5 b. 15.2 c. 14.2 d. 16.2 e. None of the answers are correct.