Prior to the Introduction of No-Fault Divorce Statutes in the 1970s

question 3

True/False

Prior to the introduction of no-fault divorce statutes in the 1970s, a statutorily mandated legal cause of action was required in the complaint for a person to obtain a divorce. This is no longer the case.

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Definitions:

EBIT

Earnings Before Interest and Taxes, a financial measure that calculates a company's profitability based on its operations without the effects of interest and taxes.

Contribution Margin

The selling price per unit minus the variable cost per unit, used to cover fixed costs and to generate profit.

Breakeven

The point at which total costs and total revenue are equal, resulting in no net loss or gain for a business.

DFL

Degree of Financial Leverage, a ratio that measures the sensitivity of a company's earnings per share (EPS) to fluctuations in its operating income due to changes in its capital structure.