Economies of scope come from increasing the size of a given financial activity and economies of scale come from combining different activities to lower their costs

ABCO Glazing has $1.5MM in debt with owners' equity of $6MM. It pays 6% interest on its borrowing. It has $5MM in equipment which depreciates 5% annually. Suppose that during the year the company's total costs (operating and financing) exactly equal its revenue of $4.5MM. What is the firm's coverage ratio?

a) 0 b) 1 c) 3.78 d) 50 e) Cannot be answered without additional information

When the vestibule delivery system is used, where does it typically take place?

A) at a video media center B) on the manufacturing line C) outside of the production area D) at a university science laboratory