The higher the profits tax rate, the lower after-tax ROE compared to before-tax

a. true
b. false

Answer: a. true

Business

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To receive the commission, the selling agent must be the procuring cause of the transaction, which means that without the selling agent's participation, the sale would not have happened.

a. true b. false

Business

A technique that provides an analyst with the information concerning the proportion of each type of account that has been outstanding for a specified period of time is called ________

A) credit analysis B) credit scoring C) aging of receivables D) the economic order quantity model

Business