Shulei graduated from college two years ago. She has already accumulated enough money in her savings account and money market to meet her basic needs, and now wants to begin investing a portion of each paycheck to earn a high rate of return over the long run. Shulei's best choice as a young woman would be to put money into a bank savings account regularly.
Answer the following statement true (T) or false (F)
False
Though it has its ups and downs, over the long run the stock market has consistently outperformed other popular investment vehicles. In particular, stocks have generally offered a much higher long-run return than savings accounts.
You might also like to view...
Which stage is considered to be the most critical stage of the identity theft cycle?
a. Action stage b. Trial stage c. Discovery stage d. Cover-up stage
The Retained earnings account has a credit balance of $47,000 before closing entries are made. Total revenues for the period are $65,200, total expenses are $44,800, and dividends are $13,000. What is the correct closing entry for the revenue accounts?
A. Debit Revenue accounts $47,000; credit Retained earnings $47,000. B. Debit Income Summary $65,200; credit Revenue accounts $65,200. C. Debit Income Summary $47,000; credit Retained earnings $47,000. D. Debit Revenue accounts $65,200; credit Income Summary $65,200. E. Debit Revenue accounts $65,200; credit Retained earnings $47,000.
A system of improvement based on a series of gradual and often small improvements is called:
A) throughput. B) kaizen. C) manufacturing cycle efficiency. D) centralization.
Personal communication used as a data source should not be documented in a re-port
Indicate whether the statement is true or false