?The degree of leverage concept is designed to show how changes in sales affect earnings before interest and taxes (EBIT) and earnings per share (EPS). If a 10 percent increase in sales causes EPS to increase from $1.00 to $1.50 and if the firm uses no debt, then what is its degree of operating leverage?
A. ?3.6
B. ?4.2
C. ?4.7
D. ?5.0
E. ?5.5
Answer: D
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Which of the following about cloud computing is incorrect?
A. Cloud Computing can easily host enterprise system applications. B. Cloud computing is Internet-based computing where shared resources, software, and information are provided to firms on demand. C. Security is a major issue to consider when using cloud computing. D. Clients using cloud computing do not need to periodically backup data.
The level of management that makes tactical planning decisions is
a. top management b. middle management c. operations management d. front-line management
A marketing decision support system (MDSS) is a ________
A) basic system used by companies that do not have the resources to develop a marketing information system (MIS) B) popular syndicated research report purchased by most major media companies C) sophisticated information system that allows marketing managers to use statistical and modeling software tools D) type of custom research report often called for in the marketing research process E) data warehouse used to support a marketing information system (MIS)
On September 12, Ryan Company sold merchandise in the amount of $9400 to Johnson Company, with credit terms of 2/10, n/30. The cost of the items sold is $5800. Ryan uses the periodic inventory system and the net method of accounting for sales. The journal entry or entries that Ryan will make on September 12 is (are):
A.
| Accounts receivable | 9400? | |
| Sales | 9400? | |
| Cost of Goods Sold | 5800? | |
| Merchandise inventory | 5800? |
B.
| Accounts receivable | 9212? | |
| Sales | 9212? |
C.
| Sales | 9400? | |
| Accounts receivable | 9400? |
D.
| Accounts receivable | 9400? | |
| Sales | 9400? |
E.
| Accounts receivable | 9212? | |
| Sales | 9212? | |
| Cost of goods sold | 5800? | |
| Merchandise Inventory | 5800? |