____________________ is the process of paying off a financial obligation in a series of equal regular payments
Fill in the blank(s) with correct word
Amortization
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Chovanec Corporation produces and sells a single product. Data concerning that product appear below: Per UnitPercent of SalesSelling price$170 100%Variable expenses 68 40%Contribution margin$102 60% Fixed expenses are $521,000 per month. The company is currently selling 7,000 units per month. Management is considering using a new component that would increase the unit variable cost by $6. Since the new component would increase the features of the company's product, the marketing manager predicts that monthly sales would increase by 500 units. What should be the overall effect on the company's monthly net operating income of this change?
A. increase of $6,000 B. decrease of $48,000 C. increase of $48,000 D. decrease of $6,000
The U.S. Supreme Court must accept appeals from state supreme courts when there is a conflict of laws between two or more states
a. True b. False Indicate whether the statement is true or false
The quality of life locational determinant is most important to companies that must attract and retain an unskilled, static work force
Indicate whether the statement is true or false
CBA Inc. has 400,000 shares outstanding with a $5 par value. The shares were issued for $12. The stock is currently selling for $34. CBA has $5,000,000 in retained earnings and has declared a stock dividend that will increase the number of outstanding shares by 6%. What will be the "capital in excess of par account" after the stock dividend?
A) $7,685,000 B) $2,685,000 C) $3,496,000 D) $2,385,000