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What are sentencing guidelines? Discuss their use in sentencing convicts today.
Financial Leverage
The use of borrowed money to increase the potential return of an investment.
Net Income
The total earnings of a company after deducting all expenses, taxes, and costs from its total revenue.
EBIT
Earnings Before Interest and Taxes, a measure of a firm's profit that includes all incomes and expenses except interest and income tax expenses.
Interest Expense
The cost incurred by an entity for borrowed funds.
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