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Trevor Inc. has been manufacturing a popular children's plush toy for over 2 5 years. The company has the following information available for the past

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
$89.00
Variable costs per unit
$37.80
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.

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