Which of the following is true of leverage?
A) It refers to the effects that operating and financial fixed costs have on the returns that shareholders earn.
B) It is associated with risks which are out of the control of managers.
C) It includes the effect of operating fixed costs on the returns of shareholders and not the financial fixed costs.
D) It is used to evaluate the profitability associated with various levels of sales.
A
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Registration under ISO 9000 is
a. required for all companies producing regulated products to be sold in the European Union. b. required for all companies doing business internationally. c. required for all European companies doing business in Europe. d. not required for U.S companies unless they use european suppliers.
The inventory turnover of Long Corporation is 16×, and its closing inventory is $20,000. Assuming there are 360 days in a year, compute the company's inventory conversion period. (Give answer to one decimal place.)
A. 22.5 days B. 24.2 days C. 3.5 days D. 42.8 days E. 55.5 days
Mango Place has forecast its sales for the coming months as follows: Standard UnitsDeluxe UnitsApril10075May11580June13590July150100 The standard unit sells for $200, the deluxe unit sells for $350.Required:Prepare a sales budget for each of the three months April through June as well as the total for the quarter. Present the budget for each product as well as total sales.
What will be an ideal response?
Leasing is looked upon favorably by some consumers because it reduces their monthly and up-front payments
Indicate whether the statement is true or false