Which of the following represents the correct ordering of returns over the period 1926 to 2014 (from
lowest to highest return)?
A) Treasury bills, common stocks, long-term corporate bonds, long-term government bonds
B) Treasury bills, long-term government bonds, long-term corporate bonds, common stocks
C) common stocks, long-term government bonds, long-term corporate bonds, Treasury bills
D) long-term corporate bonds, Treasury bills, long-term government bonds, common stocks
B
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Use the equation presented below to answer the question that follows: Cash = CL + LTL + CS + RE – NCCA – LTA where: CL = Current liabilities LTL = Long-term liabilities CS = Common stock RE = Retained earnings NCCA = Noncash current assets LTA = Long-term assets Which of the following activities results in a cash outflow?
a. Decreases in noncash current assets (NCCA) b. Decreases in long-term assets (LTA) c. Increases in long-term liabilities (LTL) d. Decreases in retained earnings (RE)
When requiring a letter of audit inquiry from the client's attorney, which of the following information will be requested?
a. A statement regarding conflicts of interest that the attorney may have with the client. b. The attorney's expert opinion of proper GAAP treatment related to client contingencies. c. An evaluation of the likelihood of unfavorable outcome of, and estimated losses from contingencies. d. Possible auditor defenses for third-party litigation related to ordinary negligence claims.
Which of the following is NOT an example of a specialized and highly-targeted media that an advertiser might use to reach smaller customer segments?
A) cable television channels B) Internet C) network TV D) advergaming E) radio
As part of the marketing mix, the makers of the calendar will be running an advertising campaign directed at working mothers. Another part of the marketing mix is sending salespeople to sell:
A) calendars to retail outlets B) calendars to working mothers C) organizational skills to working mothers D) nostalgia to organizers E) organizational skills to online reviewers