The given statement is False.
For many years China relied on central planning but is currently moving away from a central market to a free market based economy. This would mean that China's economy is in a state of Transition. This statement is not necessarily True.
Explanation:
Free market is a market structure in which there is a little or no control of the government on supply and demands of the products or services. The structure of this market depends upon the political or legal rules.
If China moved from the central to the free market, it does not mean that is it in the state of Transition. This is because, it could be the choice of China itself to keep a balance between the command and the free market economies, whatever suit its needs.
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Yes, if the seller accepts the offer, then it is called as a binding contingency. Thus, option B is correct.
<h3>What is a contingency clause? </h3>
A contingency clause then is defined as a clause or a condition if or when that is fulfilled, then only the offer will be considered regarding the buying and selling of a product.
As in this, there is a clause in the contract with sales that if the property inspection is being done properly and got the approval by the buyer's wife.
Further, if the seller accepts the offer then the deal will be done which will be called a binding contingency. Therefore, option B is the correct option.
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Answer: 1.29
Explanation:
The following can be deduced from the question:
EBIT = $375000
Interest expense = $75000
EBT = EBIT - Interest Expense
= $375000 - $75000
= $300000
Before tax preference dividend
= Preferred dividend / (1 - Tax rate)
= 6000 / (1 - 40%)
= 6000 / 60%
= 6000 / 0.6
= $10000
The firm's degree of financial leverage will then be:
= EBIT / (EBIT - Interest expense - Before tax preference dividend)
= 375000 / (375000 - 75000 - 10000)
= 375000 / 290000
= 1.29
Therefore, the firm's degree of financial leverage is 1.29.
Annually renewable term policies provide a level death benefit for a premium that 2. Increases annually.