Mercantile Corporation has sales of $2,000,000, variable costs of $1,100,000, and fixed costs of $750,000. Mercantile's degree of operating leverage is

Depreciation expense is found on the ________ and accumulated depreciation is found on the ________

A) income statement; income statement. B) balance sheet; income statement. C) income statement; balance sheet. D) balance sheet; balance sheet.

LEAPS are a special type of option

A) that must be exercised within six months. B) that can only be exercised on the expiration date. C) that cannot be exercised for at least a year after it is is purchased. D) that may have an expiration date as long as three years.