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NEW QUESTION: 1
Which exchange rate regime does France adopt?
A. monetary union.
B. managed float.
C. crawling peg.
Answer: A
Explanation:
Each European Union country uses the euro as its currency.

NEW QUESTION: 2
Previous Work Experience is defined in which zone of the Succession Data Model? <_________> Please choose the correct answer.
Response:
A. standard-element
B. custom-filters
C. background-element
D. view-template
Answer: C

NEW QUESTION: 3
Carlisle Company presently sells 400,000 bottles of perfume each year. Each bottle costs $.84 to produce
and sells for $1.00. Fixed costs are $28,000 per year. The firm has annual interest expense of $6,000,
preferred stock dividends of $2,000 per year, and a 40 percent tax rate. Carlisle uses the following
formulas to determine the company's leverage.

If Carlisle Company did not have preferred stock, the degree of total leverage would:
A. Decrease but not have an effect on financial leverage.
B. Decrease but not be proportional to the decrease in financial leverage.
C. Decrease in proportion to a decrease in financial leverage.
D. Increase in proportion to an increase in financial leverage.
Answer: C
Explanation:
Choice "a" is correct. Without preferred stock, the denominator in the total leverage calculation would be
larger (because preferred stock is subtracted to arrive at the denominator). The same holds true for
financial leverage. Therefore, both financial and total leverage would decrease in proportion. Choices "b",
"c", and "d" are incorrect, per above Explanation:.