Ceteris paribus, the duration of a bond is negatively correlated with the bond's
A. time to maturity.
B. coupon rate.
C. yield to maturity.
D. coupon rate and yield to maturity.
E. None of the options are correct.
D. coupon rate and yield to maturity.
Duration is negatively correlated with coupon rate and yield to maturity.
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Midnight Sun Outfitters projected sales of 76,000 units for the year at a unit sales price of $12.00. Actual sales for the year were 72,000 units at $15.00 per unit. Variable costs were budgeted at $4.50 per unit, and the actual variable cost was $4.75 per unit. Budgeted fixed costs totaled $378,000, while actual fixed costs amounted to $410,000. What is the sales volume variance for operating income?
A) $136,000 unfavorable B) $30,000 unfavorable C) $30,000 favorable D) $166,000 unfavorable
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Conflict of interest, dishonesty, and unfairness are examples of _______________.
a. unethical behavior b. fixed mindset c. negative attitude d. poor employee performance
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