Tom Usually Buys New Devices Such as PDAs, DVRs, and MP3

question 60

True/False

Tom usually buys new devices such as PDAs, DVRs, and MP3 players only after his friends and family start owning these devices. In this case, Tom is an innovator.

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Definitions:

Net Fixed Assets

These are a company's total fixed assets minus its accumulated depreciation, representing the actual value of the company’s fixed assets.

Average Daily Operating Costs

The average amount spent by a business on its day-to-day operational activities, divided by the number of days in the period.

Times Interest Earned

A financial metric indicating how well a company can meet its interest obligations from earnings before interest and taxes.

EBIT

Earnings Before Interest and Taxes; a measure of a firm's profit that includes all expenses except interest and income tax expenses.