Trevor Inc. has been manufacturing a popular children's plush toy for over $25$ years. The company has the following information available for the past year:

Units Sold

$70,000$

Selling price per unit

$$89\mathrm{.}00$

Variable costs per unit

$$37\mathrm{.}80$

Fixed costs $($total$)$

$$2,835,000$

Calculate the operating leverage factor

False Value Hardware began $2024$ with a credit balance of $$32,600$ in the refund liability account. Sales and cash collections from customers during the year were $$630,000$ and $$590,000,$ respectively. False Value estimates that $7\%$ of all sales will be returned. During $2024,$ customers returned merchandise for credit of $$26,000$ to their accounts.

False Value Hardware's $2024$ income statement would report net sales of:

$5$

$$ Ans: Which of the following statements is CORRECT? O An example of a primary market transaction would be inheriting $1000$ shares of GE from your grandfather. O Capital market instruments include both long$-$term debt and common stocks. Money market instruments are illiquid and have high default risk. O If your uncle in New York sold $100$ shares of Apple through his broker to an investor in New York, this would be a primary market transaction.