What is financial leverage?
a. Financial leverage is the use of borrowed funds to increase the return on owner's equity.
b. Financial leverage is a legal document that details all the conditions relating to a bond issue.
c. Financial leverage is a promissory note that requires a borrower to repay a loan in monthly, quarterly, semiannual, or annual installments.
d. Financial leverage occurs when stock and other corporate securities are sold directly to large institutional investors.
e. Financial leverage is the portion of a corporation's profits not distributed to stockholders.
a. Financial leverage is the use of borrowed funds to increase the return on owner's equity.
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The R&D Department of an organization __________.
A. is responsible mainly for updating current products offered by the organization B. has a minute impact of the success of the organization C. carries the responsibility for the future growth of the organization D. is the most important department of the organization
Merchandise shipped FOB shipping point on the last day of the year should ordinarily be included in
a. the buyer's inventory balance. b. the seller's inventory balance. c. neither the buyer's nor seller's inventory balance. d. both the buyer's and the seller's inventory balances.