Operating risks
a. include variability in sales from changing economic conditions (cyclicality risk).
b. include variability in sales from short product life cycles (because of technological change or changes in consumer taste).
c. include variability of earnings that arises when the firm has a high proportion of fixed costs that do not change as sales change.
d. Answers a, b, and c are correct.
e. None of these answer choices is correct.
D
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Which of the following are included in Title 26 of the U.S. Code? I.Bankruptcy legislationII.Employment tax legislationIII.Estate and gift tax legislationIV.Alcohol, tobacco, and certain other excise taxes?
A. Only statement II is correct. B. Statements II and III are correct. C. Statements II, III, and IV are correct. D. Statements I, II, III, and IV are correct. E. None of the given are included in Title 26.
Exhibit 21-1 The Raymond Corporation reported $11,000 of net income for the current year and also uses the visual inspection method for completing the statement of cash flows. The following additional information relates to Raymond for the year: Subsidiary gain included in investment income under the equity method $ 370 Decrease in inventory 80 Loss on disposal of equipment 900 Proceeds from
disposal of equipment 1,400 Depreciation expense 1,200 Acquisition of treasury stock 650 Increase in accounts payable 290 Acquisition of new securities (accounted for using the equity method) 500 Decrease in deferred income tax liability 210 Early retirement of bonds payable at book value 1,000 Increase in interest receivable 30 ? Refer to Exhibit 21-1. What is Raymond's net cash used by financing activities? A) $(1,240) B) $(1,650) C) $(1,860) D) $(2,150)
Digital Corporation The following data concern Digital Corporation for 2012. Credit sales during the year $2,400,000 Accounts receivable--December 31, 2012 410,000 Allowance for bad debts--December 31, 2012 55,000 Bad debt expense for the year 35,000 Refer to the information provided for Digital Corporation. What amount will Digital show on its year-end balance sheet for the net realizable value
of its accounts receivable? A) $410,000 B) $295,000 C) $340,000 D) $355,000
The largest component of the hospital's workforce is:
A. Clerical staff B. Nurses C. Volunteers D. Administration E. Physicians