In 2009, Mr. and Mrs. Violet took out a $900,000 mortgage to purchase their personal residence. They can deduct the annual mortgage interest payments as an itemized deduction.
Answer the following statement true (T) or false (F)
True
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The main objective of marketing public relations is to secure editorial space in print and broadcast media to promote or "hype" a product, service, idea, place, person, or organization
Indicate whether the statement is true or false
All of the following may help you communicate information in a more comprehensible manner than your words alone, EXCEPT
a. the words of a well-known figure. b. a passage from a work of literature. c. the words of ordinary people. d. a phrase that is unfamiliar to the audience.
Personal liability coverage
A) protects you against the financial harm caused by the negligence of others. B) protects you only from financial damages for the bodily injury your negligence has caused others. C) protects you only from financial damages for the property loss your negligence has caused others. D) protects you against legally-obligated expenses for the bodily injury or property damage your negligence has caused others.
Cambridge Roller Skates has three product lines—D, E, and F
The following information is available: D E F Sales revenue $70,000 $50,000 $30,000 Variable costs (30,000 ) (10,000 ) (12,000 ) Contribution margin $40,000 $40,000 $18,000 Fixed costs (20,000 ) (5,000 ) (25,000 ) Operating income (loss) $20,000 $35,000 $(7,000 ) The company is deciding whether to drop product line F because it has an operating loss. Assume that $21,000 of total fixed costs could be eliminated by dropping F. What effect would this decision have on operating income? A) Operating income will increase by $25,000. B) Operating income will increase by $3,000. C) Operating income will decrease by $25,000. D) Operating income will decrease by $3,000.