When the variable cost per unit increases, the contribution margin on each unit decreases

Implied authority is the authority the employee professes to have which induces a reasonable person to believe in the employee

Indicate whether the statement is true or false

The residual dividend theory suggests that dividends will only be paid

A) if the corporation has more positive NPV projects than it can fund. B) if the tax rate on capital gains is higher than the tax rate on dividends. C) if interest rates available to shareholders are higher than the required return on the company's stock. D) if current retained earnings exceed the equity portion of the firm's capital budget.