Which plan has a higher degree of financial leverage and financial risk? (See Table 12.1)
What will be an ideal response?
Financing Plan 2 has higher degree of financial leverage and financial risk.
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The general ledger account for Accounts Receivable shows a debit balance of $25,000 . Allowance for Uncollectible Accounts has a credit balance of $1,500 . Net sales for the year were $250,000 . In the past, 3 percent of sales have proved uncollectible, and an aging of accounts receivable resulted in an estimate of $10,000 of uncollectible accounts receivable. Using the accounts receivable aging
method, the entry to record the Uncollectible Accounts Expense is: a. Uncollectible Accounts Expense 10,750 Allowance for Uncollectible Accounts 10,750 b. Uncollectible Accounts Expense 8,500 Allowance for Uncollectible Accounts 8,500 c. Uncollectible Accounts Expense 10,000 Allowance for Uncollectible Accounts 10,000 d. Uncollectible Accounts Expense 11,500 Allowance for Uncollectible Accounts 11,500
The Human Resource Management school of thought believes that workplace governance:
A. Should include tripartite system of employer, government, and employees finding workplace solutions. B. Should be the sole purview of management which retains unilateral control over the workplace. C. Should be the result of bilateral negotiations with a representative of the employees. D. Will be largely dictated by the laws of supply and demand in the labor market.
An agent is always liable for his or her own torts committed within the scope of the agency relationship
a. True b. False Indicate whether the statement is true or false
Not-for-profit organizations are required to file audited financial statements with all states in which they solicit contributions.
Answer the following statement true (T) or false (F)