Which of the following items is required to be disclosed by geographic area?

A) interest expense
B) revenues from external customers
C) profit or loss
D) capital expenditures

Answer: B) revenues from external customers

Business

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The degree of operating leverage is the ratio that measures the effects that variable costs have on changes in operating income when sales volume changes

Indicate whether the statement is true or false

Business

Your home insurance provides for replacement value for personal property losses. Your china hutch was vandalized and completely destroyed. Your hutch cost $400 four years ago, but a new one will cost you $600

How much will the insurance company pay? A) $400 B) $200 C) $600 D) Nothing, vandalism is not covered.

Business