Operating leverage isa. the difference between sales and variable expense. b. the use of fixed costs to extract higher percentage changes in profits as sales activity changes. c. the portion of each sales dollar available to cover fixed costs and provide for profit. d. visually portrays the relationship between profits and units sold. e. none of these

What is an example of a good stock to buy in a recession? a) cyclical stock b) defensive stock c) income stock d) bond

Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9

Alpha industries is considering a project with an initial cost of $8 million. the project will produce cash inflows of $1.49 million per year for 8 years. the project has the same risk as the firm. the firm has a pretax cost of debt of 5.61 percent and a cost of equity of 11.27 percent. the debt–equity ratio is .60 and the tax rate is 35 percent. what is the net present value of the project?