Omnimenium, an automobile company, incurred a debt of $20 million for the fiscal year of 2016. The company used that money with an additional $20 million of its own to buy out a rival company. The ratio of the company's debt to its investment is 0.5. The given scenario illustrates the analysis of _____.
A. liquidity ratios
B. profitability ratios
C. leverage ratios
D. asset management ratios
Answer: C
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Luke Corp budgeted $500,000 of overhead costs for the year. Actual overhead costs for the year are $450,000 . Luke's plantwide allocation base, machine hours, was budgeted at 100,000 hours. Actual machine hours are 180,000 . Budgeted units to be produced were 200,000 units. Luke's plantwide factory overhead rate for the year is ________
a. $2.50 b. $5.00 c. $1.50 d. $4.00
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Indicate whether the statement is true or false
M agrees to buy Z's house. At the last minute, Z refuses to finish the deal. If the court orders specific performance, M gets the house at the contract price
a. True b. False Indicate whether the statement is true or false