7.) The contribution margin on the income statement does NOT factor in which of the following?

A.) Depreciation

B.) Direct labor costs of products

C.) Direct material costs of products

D.) Both B and C

8.) Why would your company want to reduce its accounts receivable policy?

A.) Reducing their receivables will increase their available cash

B.) Reducing their receivables will slightly increase demand

C.) Reducing their receivables will anger their suppliers

D.) None of the above

9.) Which group of tactics will all reduce your companys leverage?

A.) Paying off current debt, retiring long term debt, and issuing stock

B.) Paying off current debt, issuing long term debt, & retiring stock

C.) Issuing current debt, issuing long term debt, paying a dividend, & retiring stock

D.) Issuing current debt, retiring long term debt, paying a dividend & issuing stock