What type of firm should have the least amount of operating leverage?
A) Airlines
B) Ship building
C) Accounting and consulting
D) Auto manufacturing
E) Electric utilities
C
You might also like to view...
Anderson Co issued a $50,000, 60-day, discounted note to National Bank. The discount rate is 6%. At maturity,assuming a 360-day year, the borrower will pay
a. $53,000 b. $50,500 c. $50,000 d. $49,500
The book value per share for a corporation is
a. the market price of the stock. b. the cost of investments in stock of other corporations. c. based on the excess of total assets over total liabilities. d. the amount stockholders would receive if they sold their shares back to the corporation.
Nonfinancial measures of quality might include
A) percentage of defect-free materials. B) product defects per thousand units produced. C) number of customer complaints. D) all of these options.
U.S. GAAP and IFRS require separate income statement display of income from continuing operations and _____earnings that will not continue because the firm either sold, or made a decision to sell, a portion of its business). Such a requirement aids users of the income statement in predicting future earnings
a. income from discontinued operations b. extraordinary items c. changes in accounting principles d. sale of individual assets e. none of the above