Indirect expenses are subtracted from the total direct operating margin to calculate total operating income
a. True
b. False
Indicate whether the statement is true or false
True
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When making claims or requesting adjustments, you should begin by
A) complimenting the company for past service. B) providing a detailed description of the faulty merchandise. C) providing a straightforward explanation of what the problem is. D) threatening legal action if you do not receive a favorable adjustment. E) saying how disappointed you are in the company.
Select the term from the list provided that best matches each of the following descriptions.
A. Fixed cost B. Cost behavior C. Cost Structure D. Contribution margin E. Mixed cost F. Variable cost G. Activity base H. Operating leverage
Although the different articles under the declaration were designed to fit together harmoniously, there is potential tension between the articles that assure freedom of cultural and religious expression and those that assure equality, particularly as they apply to the workplace. Which item below is an example of the potential tension between multiculturalism and human rights.
a. debate over standards of living adequate for health and well-being b. debate over equal pay for equal work c. debate over the ban on wearing religious attire in schools and in the workplace d. debate over personnel laws requiring employment tests
Which of the following statements is CORRECT?
A. The tax-adjusted cost of debt is always greater than the interest rate on debt, provided the company does in fact pay taxes. B. If a company assigns the same cost of capital to all of its projects regardless of each project's risk, then the company is likely to reject some safe projects that it actually should accept and to accept some risky projects that it should reject. C. Because no flotation costs are required to obtain capital as reinvested earnings, the cost of reinvested earnings is generally lower than the after-tax cost of debt. D. Higher flotation costs tend to reduce the cost of equity capital. E. Since debt capital can cause a company to go bankrupt but equity capital cannot, debt is riskier than equity, and thus the after-tax cost of debt is always greater than the cost of equity.