An ____________________ is a list of tasks to perform and assignments showing who is responsible for their completion.
Fill in the blank(s) with the appropriate word(s).
action plan
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The typical relationship between variable costs and volume may be described best as follows:
a. Costs increase in an erratic, unpredictable fashion with changes in volume. b. Costs stay fairly constant with changes in volume. c. Costs increase with changes in volume up to a certain point and then remain constant. d. Costs increase in direct proportion to increases in volume.
Since services cannot be stockpiled, the effects of seasonality can be severe
Indicate whether the statement is true or false
A firm has a profit margin of 15 percent on sales of $20,000,000. If the firm has a debt of $7,500,000, total assets of $22,500,000, and an after-tax interest cost on a total debt of 5 percent, what is the firm's return on total assets (ROA)?
A. ?8.4% B. ?10.9% C. ?12.0% D. ?13.3% E. ?15.1%
Larger firms and those with better credit ratings tend to also have less strict capital structure targets
Indicate whether the statement is true or false