Creatives spend considerable time designing ads with powerful leverage points
Indicate whether the statement is true or false
TRUE
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Why do stores locate in saturated trade areas?
A) to decrease competition B) to access high customer traffic C) to take advantage of tax breaks D) to create retailer cooperatives E) to standardize the service mix
Based on the income statements of the three following retail businesses, which company has the highest operating leverage? AlphaCompanyBetaCompanyGammaCompanyRevenue $200,000 $200,000 $200,000 Variable costs (95,000) (155,000) (125,000) Contribution margin 105,000 45,000 75,000 Fixed costs (80,000) (20,000) (50,000) Net income $25,000 $25,000 $25,000
A. Gamma Company B. They all have same operating leverage C. Alpha Company D. Beta Company
The purpose of reversing entries is to:
A. Complete a required step in the accounting cycle. B. Make certain that only permanent accounts are carried forward into the next accounting period. C. Correct errors made in previous journal entries. D. Simplify a company's recording of certain journal entries in the future. E. Ensure that closing entries have been properly posted to the ledger accounts.
Which of the following is true about the payment of dividends by a firm??
A. ?Dividends are paid only to the bondholders of the firm B. ?Common stockholders have priority over preferred stockholders with regard to dividends C. ?Preferred stocks will pay accumulated dividends only once i.e. at the time of maturity D. ?Growth stocks pay little or no dividends and instead retain most of their earnings each year E. ?Common stockholders will receive a fixed amount of dividend every year