Generally the least expensive source of long-term capital is ...

[HCHenry]

Generally the least expensive source of long-term capital is ________.
 
  A) retained earnings
  B) preferred stock
  C) long-term debt
  D) common stock

Question 2

Average payment period can be calculated as accounts payable divided by average sales per day.
 
  Indicate whether the statement is true or false

[Mholman93]

Answer to Question 1

C

Answer to Question 2

FALSE