This year Erie achieved an ROE of 23.9%. Suppose the Board of Directors of Erie mandates that management take measures to increase financial Leverage (Assets/Equity) next year from 2.6 to 3.2. Assuming Sales, Profits, and Assets remain the same next year, what effect would you expect this new Leverage policy will have on Erie ROE? (Hint- use the DuPont formula)"a. Erie s ROE will decrease. b. Erie s ROE will increase. c. Erie s ROE will remain the same. d. Erie s equity will decrease and the stock price will increase

Select the correct answer the smith family adopted a child. the adoption procedure took about three months, and the family incurred various expenses. will the smiths receive and financial benefit for the taxable year? a) they will not receive any financial benefit for adopting the child b) their income tax component will decrease c) they will receive childcare grants d) they will receive a tax credit for the cost borne for adopting the child e) they will receive several tax deductions

Karen is working on classifying all her company’s products in terms of whether they have strong or weak market share and whether this share is in a slow or growing market. what type of strategic framework is she using?

Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.