NMO Inc. will use ___ by borrowing funds to increase the return on the owners' equity.
A. financial leverage
B. lines of credit
C. common stock
D. trade credit
Answer: A
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One advantage of a corporation is the lack of mutual agency
Indicate whether the statement is true or false
Under the last-in, first-out (LIFO) method, the cost of goods sold is based on the oldest purchases
Indicate whether the statement is true or false
The advantages of working with intermediaries increase as the number of producers and customers, their distance apart, and the number and variety of competing products increase.
Answer the following statement true (T) or false (F)
Which of the following is not a characteristics of a corporation?
A) It has perpetual existence. B) It is a legal entity of its own. C) It is able to be sued and to sue. D) It is usually managed by its shareholders.