Examlex
State the advantages and disadvantages of employee use of mobile systems at work.
Financial Leverage
The use of borrowed money to increase the potential return of an investment.
Unlevered Cost of Capital
The cost of capital for a company with no debt, reflecting the required rate of return on equity for an entirely equity-financed firm.
After-Tax Net Income
The amount of money a company or individual earns after all taxes have been deducted from the gross income, reflecting the actual profit.
Levered Firm
A company that employs debt in its capital structure, as opposed to an unlevered firm which is financed only through equity.
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