________ is the percentage of sales dollars that reaches net income on the common-size statements

A) The return on assets
B) The income margin
C) The profit margin
D) The return on equity

Answer: C

Business

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Mr. Landis owned two pieces of property and sold one parcel bordering on the road to Ms. Cowan's house, reserving in the deed an easement for ingress (entry) and egress (exit) to and from the remaining real property for himself. After 5 years of non-use, Landis attempted to use the easement, but was prohibited from doing so by Cowan. A court would rule in this case that:

a. the easement was forfeited because it was not used for 5 years b. the easement was still valid because non use never terminates any type of easement c. Ms Cowan could institute a quiet title action on the easement and probably be successful d. the easement was still valid since it had been created by the deed.

Business

MNCs can purchase political risk insurance from

A) both public and private sector insurers. B) public sector insurers only. C) private sector insurers only. D) central banks in the country where they are headquartered.

Business