________ is a major disadvantage of the corporate form of business
A) Double taxation
B) Unlimited liability
C) Lack of ability to raise capital
D) Transfer of ownership
Answer: A
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Once you establish the extent of your fear of failure, which of the following would be a good step to cope with it?
a. focus your attention on perfection b. focus your attention on learning instead of achieving c. focus your attention on others’ perceptions of you d. focus your attention on avoiding failure
The insurance company's options for settling a collision loss to a covered auto under the PAP include which of the following? I. Pay the loss in money. II. Repair or replace the damaged auto
A) I only B) II only C) both I and II D) neither I nor II
Charges on a debit card are immediately deducted from bank account
Indicate whether the statement is true or false
Income Statement
CFM Majestic Inc. Years 1 & 2 ($000,000s) Year 1 Year 2 Sales 381.9 416.3 COGS 244.9 278.9 SG&A 59.7 63.8 Depreciation 13.8 15.4 R & D 5.3 4.3 EBIT 58.2 53.9 Interest Expense 7.3 7.9 Earnings before Income Tax 50.9 46.0 Income Taxes 17.3 14.8 Net Income 33.6 31.2 Referring to the CFM Majestic financial statements, did ROE rise or fall from Year 1 to Year 2? A) Fall B) Rise