Refer to the Savoy Corporation Income Statement Accounts. What is the EBIT for the Savoy Corporation for 2014?
A) $345,000
B) $193,000
C) $272,000
D) $135,100
Answer: C
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Which of the following is not an advisable criterion for an effective incentive plan?
A. The rewards are believable and achievable. B. Measurable rewards are linked to performance. C. The rewards require record-setting performance. D. The rewards satisfy individual needs. E. The rewards are agreed on by the manager and employees.
Firms that need cash for long-term purposes, such as acquiring buildings and equipment or financing a business acquisition, and that wish to use debt as a means of obtaining cash, will
a. borrow from commercial banks. b. borrow from insurance companies. c. borrow from financial institutions. d. issue bonds in the capital markets. e. all of the above
A product sells for $200 per unit, and its variable costs are 65% of sales. The fixed costs are $420,000. What is the break-even point in sales dollars?
A. $1,200,000. B. $2,100. C. $646,154. D. $6,000. E. $420,000.
The social responsibility of business is defined as concern by business about both its profit-seeking and its non-profit-seeking activities and their intended and unintended impacts on groups and individuals other than management or the owners of a
corporation. Indicate whether the statement is true or false