What is leverage and what are two major types of leverage? Define each.

80.2K

Verified Solution

Question

Accounting

What is leverage and what are two major types of leverage?Define each.

Answer & Explanation Solved by verified expert
3.9 Ratings (669 Votes)
Leverage is stated as the borrowing of debt and funds in order to the finance the purchase of equipment inventory and other assets The owner of a company can use either debt or equity to finance assets Use of debt leverage might    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students