Montgomery Company experienced the following events during Year 1 (all were cash events):1. Issued a note2. Paid operating expenses3. Issued common stock4. Provided services to customers5. Repaid part of the note in event 16. Paid dividends to stockholdersRequired: Indicate how each of these events affects the accounting equation by writing the letter "I" for increase, the letter "D" for decrease, and "NA" for no effect under each of the components of the accounting equation. Use only one item of entry in each column. (The effects of the first event are shown below.)
What will be an ideal response?
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Answer the following statements true (T) or false (F)
1) The entry to close Sales Discounts Forfeited will include a debit to Income Summary. 2) The last step of the closing process of a merchandiser is to make the expense accounts equal zero via the Income Summary account. 3) When using the perpetual inventory system, the entry to close Cost of Goods Sold will include a debit to Income Summary. 4) The entry to close Sales Revenue includes a debit to Income Summary.
Suppose that a risk-neutral investor has a choice between buying a one-year bond paying 5 percent today, a two-year bond paying 5.4 percent today, a three-year bond paying 5.8 percent today, or a four-year bond paying 6.2 percent today, if a one-year bond purchased one year from now is expected to have an interest rate of 6 percent, a one-year bond purchased two years from now is expected to have an interest rate of 7 percent, and a one-year bond purchased three years from now is expected to have an interest rate of 8 percent. Explain with the help of suitable calculations, which of the following would the investor decide to do?
a. The investor will purchase a one-year bond today, followed by three successive one-year bonds. b. The investor will purchase a two-year bond today, followed by two successive one-year bonds. c. The investor will purchase a three-year bond today, followed by a one-year bond. d. The investor will purchase a four-year bond today. What will be an ideal response?
What is the value of cell B6?
a) 1586.8
b) 26.67
c) 13.33
d) 40.00
e) 80.00
Stores offering low-quality alternatives to luxury products at low prices most likely follow a ________ positioning strategy
A) more-for-the-same B) more-for-less C) same-for-less D) less-for-much-less E) more-for-more