Which of the following is a difference between debt and equity capital?
A) Debt capital does not require periodic payments, whereas equity capital requires period payments.
B) Debt capital requires returns in proportion to profits, whereas equity capital requires a fixed rate of return.
C) Debt capital provides a tax shield, whereas equity capital does not provide a tax shield.
D) Debt capital affects operating leverage, whereas equity capital affects financial leverage.
C
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To close operating expenses at the end of the year, Income Summary is credited
a. True b. False Indicate whether the statement is true or false
Smart Shoppers, an online store that delivers its products to homes in and around California, recently switched its entire fleet to biodiesel trucks that run on used cooking oil rather than gas. Smart Shoppers has most likely developed a(n) ________
A) vertical marketing channel B) green supply chain C) multitiered marketing channel D) intermodal transportation system E) hybrid distribution system
A quick ratio that is much smaller than the current ratio indicates that
a. inventories represent a large portion of current assets. b. the company has a low inventory turnover. c. inventories represent a small portion of current assets. d. the company has a high inventory turnover.
Define service culture
What will be an ideal response?