In a secured transaction the debtor pledges real property as security for the loan
Indicate whether the statement is true or false
FALSE
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A firm that serves small market segments that are not being served by bigger firms is known as a ________
A) market challenger B) market leader C) market follower D) market nicher E) market entrant
The Maxit Corporation has a standard costing system in which variable manufacturing overhead is assigned to production on the basis of standard machine-hours. The following data are available for July:•Actual variable manufacturing overhead cost incurred: $11,310 •Actual machine-hours worked: 1,600 hours •Variable overhead rate variance: $1,710 U •Total variable overhead spending variance: $2,310 U The standard number of machine-hours allowed for July production is closest to:
A. 1,700 hours B. 1,600 hours C. 1,300 hours D. 1,500 hours
________ compares free cash flow to the average amount of debt maturing in the next five years and measures the ability to pay maturing debt
a. Financial leverage b. Capital gearing ratio c. Cash flow adequacy ratio d. Return on capital
Bergman Inc Bergman Inc has the following product information available: Sales price $20 per unit Variable costs $8 per unit Fixed costs $18,000 Units produced and sold 12,000 Refer to the Bergman Inc information above. How many units need to be sold in order to earn a target profit of $180,000?
A) 24,750 units B) 16,500 units C) 20,842 units D) 22,500 units