Holding all other factors constant, a firm that is subject to a greater level of business risk should employ less financial leverage than an otherwise equivalent firm that is subject to a lesser level of business risk

Formula: Sales price divided $100=number of hundred dollar increments (rounded up to the next whole number) times (X) $.19=transfer tax. EXCEPTION: If the purchaser assumes the seller's existing loan the taxable amounts is the difference between the sales price and the loan assumed. What is the amount of the transfer tax to be paid if the sales price of a house is $92,560 and the new loan is $70,500?

A. $70.35. B. $70.40. C. $92.56. D. $92.60.

Which is not a guideline in determining whether use of questionnaires is appropriate?

A) The people you need to question are widely dispersed. B) There are only a few people involved in the systems project. C) You are doing an exploratory study to gauge overall opinion. D) You desire to do problem sensing to identify problems with the current system.