The probability distribution of the payoffs on an investment consists of a _____.
A. listing of all possible outcomes with a chance of occurrence assigned to each outcome
B. measure of the relationship of one investment with another investment
C. standardized measure of the risk per percentage return
D. listing of the degree of relationship betweenthe probabilities oftwo payoffs
E. measure of the extent to which the payoffs move with the capital market
Answer: A
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Use this information pertaining to the Alvino Corporation to answer the following question. 1 . The corporation's Store Supplies account showed a beginning debit balance of $200 and supplies purchased of $800 . There were $300 of supplies on hand at year end. 2 . Depreciation on a building is estimated to be $5,000. 3 . A one-year insurance policy was purchased for $2,000 . Three months have
passed since the purchase. 4 . Accrued interest on a note receivable amounted to $100. 5 . The company received a $3,600 advance payment during the year on services to be performed. By the end of the year, one-fourth of the services had been performed. The adjusting entry to record the accrued interest on the note is a. Interest Expense 100 Interest Receivable 100 b. Interest Payable 100 Interest Expense 100 c. Interest Receivable 100 Interest Income 100 d. Interest Income 100 Interest Receivable 100
If a company mistakenly forgot to record depreciation on office equipment at the end of an accounting period, the financial statements prepared at that time would show:
A. Assets overstated and equity understated. B. Assets, net income, and equity overstated. C. Assets overstated, net income understated, and equity overstated. D. Assets and equity both understated. E. Assets, net income, and equity understated.
As an internal method of employee development, ______ provides employees the opportunity to participate in programs that will improve their general knowledge in areas such as finance, project management, or logistics.
A. identification B. formal education C. experience D. employee assessment
Comfy’s Bed Company advertises a special sale on mattresses on its website. The mattresses are normally sold for $1,000, but are advertised on the website for $499. The sale price does not, however, include shipping costs. Comfy’s charges $250 for shipping any mattress. To avoid any claims of deceptive advertising, Comfy’s should
a. ?clearly and conspicuously disclose the shipping cost in its ads. b. ?not reveal the shipping cost. c. ?include the shipping cost on the last page of Mello's Web site. d. ?display the shipping cost in small print on Mello's Web page.