Illinois Tool Company's (ITC) degree of total leverage (DTL) is 3.00 at a sales volume of $9 million. Determine ITC's percentage change in earnings per share (EPS) if forecasted sales increase by 20 percent to $10,800,000
A) 60%
B) 50%
C) 32%
D) None of the above
A
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After making four quarterly estimated payments of $3,500, a corporation's actual income tax liability for the year is $17,200 . The year-end adjusting entry would require
a. a debit to Income Tax Payable for $3,200. b. a debit to Cash for $3,200. c. a credit to Cash for $3,200. d. a debit to Income Tax Expense for $3,200.
Which of the following replaced the General Agreement on Tariffs and Trade (GATT)?
A) the World Bank B) the World Trade Organization C) the International Monetary Fund D) the North American Free Trade Agreement
Anita, in violation of a specific agreement not to extend credit over $1,000 without the other partners' approval, extends credit of $2,000 to a friend. Anita will be held personally liable to the partners for any unpaid debt since she violated the duty of obedience
a. True b. False Indicate whether the statement is true or false
One study found that ________ were most effective in subsidiaries located in developing countries or those that relied on a local customer base.
A. IMF placements B. local managers C. third-country nationals D. expatriates