The June date is based on how existing Authorized Campus Stores have started to clear out Apple computers at cost, which an example being the store at the University of Victoria (UVic). Once supplies have sold out campus stores will only sell accessories and peripherals.
Explicit leverage is money or assets contractually borrowed for a fee. As a hedge fund investor, it is important to know whether your hedge funds are using these types of products and how much risk they add to your portfolio. One way to figure this out is by reviewing the often overlooked audited financial statements.
Financial leverage refers to the amount of debt in the capital structure of the business firm. If you can envision a balance sheet, financial leverage refers to the right-hand side of the balance sheet. Operating leverage refers to the left-hand side of the balance sheet - the plant and equipment side. Operating leverage determines the mix of fixed assets or plant and equipment used by the business firm. Financial leverage refers to how the firm will pay for it or how the operation will be financed. As discussed earlier in this article, the use of financial leverage, or debt, in financing a firm's operations, can really improve the firm's return on equity and earnings per share.