If a company sells bonds and uses the proceeds to buy back common stock, the company's financial leverage will increase. Select one: O True O False Which of the following would be considered a variable cost for a manufacturing firm? Select one: a. administrative salaries O b. direct labor O c. rent O d. insurance Which one of the following is a direct result of a 2 for 1 split? Select one: O a. A 100 percent increase in the number of shareholders O b. A 100 percent decrease in the stock price O c. A 100 percent increase in the number of shares outstanding O d. A 100 percent increase in the common stock account balance Oe. A 50 percent increase in the number of shares outstanding Acco Inc. has a retained earnings balance of $7,160,000. The company reported net income of $1,949,000, sales of $15,560,400 and has 275,000 shares of common stock outstanding. The company announced a dividend of $1.85 per share. Therefore the company's dividend payout ratio is Select one: O a. 12.5 percent O b. 28.9 percent O c. 21.8 percent O d. 17.5 percemt O e. 26.1 percent