This year, David paid his physician $6,200 for routine examinations and lab tests and received a $3,000 reimbursement from his medical insurance company. David is allowed to deduct the $3,200 unreimbursed medical expense as an above-the-line deduction.
Answer the following statement true (T) or false (F)
False
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The ________ creativity technique begins with a thought that is written down, then proceeds to develop other thoughts that are linked to the first thought, and finally a new idea materializes by associating all of the thoughts
A) mind mapping B) contextual analysis C) attribute listing D) reverse assumption analysis E) morphological analysis
A new franchisee can be expected to be required to undergo considerable training on operating the business.
Answer the following statement true (T) or false (F)
Multinational corporations can be U.S. companies with operations in other countries.
Answer the following statement true (T) or false (F)
Stromburg Corporation makes surveillance equipment for intelligence organizations. Its sales are $75,000,000. Fixed costs, including research and development, are $40,000,000, while variable costs amount to 30% of sales. Stromburg plans an expansion which will generate additional fixed costs of $15,000,000, decrease variable costs to 25% of sales, and also permit sales to increase to $93,000,000. What is Stromburg's degree of operating leverage at the new projected sales level?
A. 4.2086 B. 3.7831 C. 4.7288 D. 4.0668 E. 5.3436