QUESTION 23 The following graphs demonstrate operating leverage. What is true about the graph on the right? $ Rev. Rev. TC EBIT TC kt F *F QBE Sales QBE Sales Fixed costs are lower Operating leverage is higher Break even quantity is lower Revenue is higher None of the choices are correct. QUESTION 24 What is this called? Suppose a firm issues new shares in lieu of paying a cash amount. Ex: A firm pays a 10% dividend, and the investor gets 10 shares for each 100 shares owned Dividend distribution Cash dividend Stock split Stock repurchase Stock dividend