In general practice, dividends tend to

be more stable than earnings, fluctuate more widely than earnings, be lower percentage for mature companies, be set as fixed portion of earnings, or change ever year to reflect in earnings?

A highly automated plan but generally have ______ variable van fixed costs and would have ______ level of operating leverage than a plant that relied more on manual labor a. higher/lhigher, b. higher/lower, c. lower/lower, d. lower/higher, e. any combination could be possible.

Using Net present value method of analyzing a capital project, which of the following would make the project look better?

a.Including the effect of federal tax rate reductions

b.Using a higher discount rate

c.Adjusting for the projects higher than average risk

d.Including terminal cash flows related to relocating key personnel

e.None of the above