Which of the following is a true statement about operating leverage?
The higher the company’s fixed costs are, the lower its operating leverage.
The higher the company's fixed costs are, the higher its operating leverage.
The lower the company's fixed costs are, the higher its operating leverage.
The higher the company's variable costs are, the higher its operating leverage.
Which of the following business practices does NOT comply with the Uniform Commercial Code?
A company reconciles its bank statements within 30 days of receipt.
A company receives a check marked "paid in full" and disputes it 120 days later.
A bank exercises ordinary care when it examines signatures on checks received.
A bank elects to return stale-dated items.
If ¥120.14 = U.S.$1.00 and € .7564 = U.S.$1.00, how many ¥ = €1.00?
¥.00629
¥90.874
¥120.8964
¥158.831