According to mcdonald, leverage is: (a) charging investors very high fees (b) borrowing money and then risking it without a way to cover the potential loss (c) considering how the investment will look in three to five years (d) keeping enough capital on hand to cover any losses sustained (e) diversifying by putting money in many different investments

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above