The majority decision of an appellate court is referred to as:
a. the court's majority request
b. the court's majority ultimatum c. the court's main opinion
d. the court's final opinion
e. none of the other choices are correct
e
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If an inventory account is understated at year end, the effect will be to overstate the
a. net purchases. b. gross margin. c. cost of goods available for sale. d. cost of goods sold.
Kulwicki Corporation wants to determine the effect of an expansion of its sales on its operating income (EBIT). The firm's current degree of operating leverage is 2.75. It projects new unit sales to be 170,000, an increase of 45,000 over last year's level of 125,000 units. Last year's EBIT was $60,000. Based on a degree of operating leverage of 2.75, what is this year's expected EBIT with the increase in sales?
A. $119,400 B. $120,594 C. $97,908 D. $138,504 E. $146,862
The primary benefit of diversification is that it
A) is convenient. B) is cheap. C) reduces the exposure of your investments to adverse effects of any individual investment. D) increases stock volatility.
Labor unions are organizations that represent employees in negotiations with management
Indicate whether the statement is true or false.