A firm has an increase in EPS of 5%, increase in EBIT of 3%, and a degree of total leverage of 2. What is the firm's percentage change in sales?
A) 2.5%
B) 1.5%
C) 1.0%
D) 4.2%
E) Cannot be determined with the information provided.
A
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John, who lives in Chicago, used the website of internet retailer Wikresco, located in Alabama, to purchase some camping supplies. When the goods arrived, John found them defective. What law would John most likely cite if he wanted to sue Wikresco in state court in Chicago?
A. The Smoot-Hawley Tariff Act B. The Administrative Procedures Act C. The Alabama long-arm statute D. The Illinois long-arm statute
What are the three ways to manipulate the costs of delay in negotiation?
What will be an ideal response?
The weighted average method is taught by some accountants to be inferior to the FIFO method because it
a. Ignores work performed in subsequent periods. b. Commingles costs of two periods. c. Is more difficult to apply. d. Only considers the last units worked on.
Which of the following accurately describes the fair use doctrine with reference to copyrighted material?
A) It stipulates the time period for which a copyright holder can retain his copyright. B) It permits certain limited use of a copyright by someone other than the copyright holder without the permission of the copyright holder. C) It permits use of copyright material by someone other than the copyright holder at a fixed fee. D) It guides the U.S. Copyright Office in determining what works require copyrights based on the works' validity.