Everything else equal, an industry with more leverage will have a ________
A) higher return on assets
B) higher return on equity
C) lower return on equity
D) Both A and B
Answer: B
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Which of the following would be considered an example of shaping moral standards, as seen as a function of the law?
A) laws granting freedom of speech and religion B) laws discouraging drug and alcohol abuse C) laws providing rights to peaceful protest D) laws preventing overthrow of a government
Black and Conway owned an office building as tenants in common. Black died. To whom does Black's interest in the office building pass?
Under the CISG, the aggrieved party in a breach of contract has no duty to mitigate the loss
Indicate whether the statement is true or false
In the LMN partnership, Lynn's capital is $60,000, Marty's is $80,000, and Nancy's is $70,000. They share income in a 4:3:3 ratio, respectively. Nancy is retiring from the partnership. Each of the following questions is independent of the others.Refer to the above information. Nancy is paid $84,000, and no goodwill is recorded. What is Lynn's capital balance after Nancy withdraws from the partnership?
A. $53,000 B. $68,000 C. $52,000 D. $54,000