The concept of leverage is
a. it is appropriate to borrow if the return on the assets is greater than the cost of the financing.
b. it is appropriate to borrow as long as the lender approves the loan.
c. it is unfavorable to borrow funds rather than raise the capital from stockholders.
d. that a high debt-to-equity ratio is favorable.
a
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Brian, the owner of "Brian's Cheese House" learned that his competitor, Bryan of "Bryan's House of Cheese," just filed an application to register a logo that looks remarkably similar to Brian's logo. In response, Brian can ________.
A. do nothing B. submit to the PTO an opposition to the proposed registration of Bryan's mark C. file suit in the U.S. District Court for the District of Columbia D. file a complaint with the Federal Trade Commission
Concerning the universal functions of marketing, it is true that
A. the functions must be performed in all macro-marketing systems. B. from a micro viewpoint, every firm must perform all the functions. C. responsibility for performing them can be shifted and shared-and some functions can be completely eliminated to reduce costs. D. the functions can be performed by producers or intermediaries-but not by consumers.
Chrissy and Devon are not married to each other, but they share the ownership of Elm Street Offices, a commercial building. When they acquired the building, they agreed in writing that if one dies, the other inherits his or her interest. Are Chrissy and Devon concurrent owners? If so, in what type of concurrent ownership are their rights held? If not, how is their ownership classified? Fagin leases an office in the Elm Street building for a one-year term. If Fagin moves out before the end of the term of the lease, what happens to the leased property?
What will be an ideal response?
Match each of the following terms with the appropriate definitions.
A. A right granted that gives its owner the exclusive privilege to publish and sell musical, literary, or artistic work during the life of the creator plus 70 years. B. Assets that increase the benefits of land, have a limited useful life, and are subject to depreciation. C. The total cost of a plant asset less its accumulated depreciation. D. A condition where a plant asset no longer has a competitive advantage in producing goods or services because of innovations. E. Alternations or improvements to leased property made by the lessee. F. Major repairs that extend the useful life of a plant asset beyond its original estimate. G. The inability of plant assets to meet the company's productive demands. H. An estimate of an asset's value at the end its benefit period. I. An exclusive right granted to its owner to manufacture and sell an item, or to use a process, for 20 years. J. The process of allocating the cost of natural resources to the periods when they are consumed.