If a company reduces its fixed costs, the operating income will increase by the same amount as the cost reduction

Home Bakery Company manufactures two products—toaster ovens and bread machines

The following data are available: Toaster Ovens Bread Machines Sales price $80 $140 Variable costs $60 $60 Home Bakery Living can manufacture six toaster ovens per machine hour and four bread machines per machine hour. Home Bakery's production capacity is 2,000 machine hours per month. What is the contribution margin per machine hour for toaster ovens? (Round machine hour per unit to two decimal places and your final answer to the nearest whole dollar.) A) $120 B) $20 C) $14 D) $320

The Federal Truth-in-Lending Law (Regulation Z) gives the borrower a 3-day right of rescission when the loan is:

A: A purchase-money loan secured by a deed of trust on commercial property; B: A loan secured by a second deed of trust on owner-occupied single-family residence when the money is borrowed subsequent to the purchase; C: An FHA or VA loan to purchase a single-family, owner-occupied residence; D: A conventional purchase-money loan secured by a deed of trust on residential property.