In Terms of Dollars, the Marginal Benefit of Working Five

question 394

Multiple Choice

In terms of dollars, the marginal benefit of working five days a week instead of four days a week is

• A) the wages received for the fifth day of work.
• B) the wages received for 5 days of work.
• C) the wages received for 4 days of work.
• D) None of the above answers is correct.

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Definitions:

Posting

The process of recording amounts as debits or credits in the accounts of a company's general ledger.

Debt Ratio

A ratio indicating a company's level of indebtedness by dividing its total liabilities by its total assets.

Financial Leverage

The use of borrowed funds to increase the potential return of an investment.

Debt Ratio

A financial ratio that measures the proportion of a company's total debt to its total assets, indicating the company's leverage level.