Given the size of the statistical discrepancy needed to balance the balance of payments account, one can infer that
A) hidden capital flows into the U.S. are inconsequential.
B) items in the balance of payments are measured quite accurately.
C) many international transactions go unrecorded.
D) all of the above occur.
C
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ABC Corp. has estimated the following income statement for its next fiscal year
Sales $20,000,000 Variable costs 6,000,000 Revenue before fixed costs 14,000,000 Fixed costs 9,000,000 EBIT 5,000,000 Interest expense 900,000 Earnings before taxes 4,100,000 Taxes (35%) 1,435,000 Net income $2,665,000 a. What is the break-even point in sales dollars for the firm? b. If the average unit cost is $20, what is the break-even point in units?
Purchasing supplies on credit and paying for them 45 days later is an example of discretionary
financing. Indicate whether the statement is true or false