Once an attack has begun, a company should never allow the attacker to continue
Indicate whether the statement is true or false.
Answer: FALSE
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When income tax expense equals current income tax payable to the government plus (minus) the increase (decrease) in deferred tax liabilities, income tax expense is properly matched for the:
A. tax return. B. future period. C. current period. D. previous period.
Dana rented a studio apartment from Mollie for one year, starting May 5, 2015 to May 5, 2016. Dana did not move out on May 5, 2016. Instead she sent Mollie a check for $300 on June 5, 2016 stating "June rent", which Mollie accepted. Mollie communicated to Dana that she was extending the lease to May 5, 2017. Dana confirmed the new tenancy and agreed to continue staying as a tenant. In this case, as of June 5, 2016, Dana is a tenant ________.
A. with a periodic tenancy B. for a term C. at will D. at sufferance
A shorter payback period reduces the company's ability to respond to unanticipated changes and increases the risk of having to keep an unprofitable investment.
Answer the following statement true (T) or false (F)
What does a degree of financial leverage (DFL) of 2.0 indicate?
A. For every 1 percent change in sales, the EBIT will change by 2 percent. B. For every 1 percent change in EPS, the sales will change by 2 percent. C. For every 1 percent change in EBIT, the EPS will change by 2 percent. D. For every 1 percent change in EPS, the EBIT will change by 2 percent. E. For every 1 percent change in EBIT, the sales will change by 2 percent.