A book department has $400,000 in yearly operating expenses and planned yearly sales of $4,800,000 . If reductions of $55,000 are anticipated and a profit goal of $500,000 is planned, its required initial markup should be 19.7 percent

The payment of a 10% stock dividend by a company will result in an increase in that company's:

A. current ratio. B. financial leverage. C. contributed capital.

Which of the following is a less than freehold estate and does not require notification to terminate?

A. Estate for years B. Estate from period-to-period C. Estate at will D. Life estate