The tighter the probability distribution of its expected future returns, the greater the risk of a given investment as measured by its standard deviation.
Answer the following statement true (T) or false (F)
False
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Which of the following presents a statement of fact?
A) The bank will pay a higher interest rate next year. B) The banker likes to sleep in. C) The bank invests its assets wisely. D) The bank opened at 9:00 a.m. on Tuesday.
What are the four things required of an auditor to obtain reasonable assurance that are outlined in the Performance section of the Principles Underlying an Audit Conducted in Accordance with GAAS?
What will be an ideal response?
Mira Financial Advisors provides accounting and finance assistance to customers in the retail business. Mira has four professionals on staff, plus an office with six clerical staff. Total compensation, including benefits, for the professional staff runs about $756,000 per year, and it normally has about 8000 billable hours per year. The professional staff keep detailed time sheets organized by client number. The total office and administrative costs for the year are $576,000. Mira allocates office and administrative costs to clients monthly, using a predetermined overhead allocation rate based on billable hours. During July, Mira's professionals spent 38 hours on their client, Riley Sales. Mira adds a 25% markup on its costs to calculate the amount billed to the customer. How much should t
A) $3591 B) $180,000 C) $7909 D) $6327
Jennifer, a resident of North Carolina, was granted a patent for a device she invented. Donald, a resident of Texas, claims to have invented the device earlier, and disputes the patent granted to Jennifer. Which of the following should Donald do?
A) file a case in a North Carolina state trial court, as it has in personam jurisdiction over Jennifer B) file a case in a Texas state trial court, as the long-arm statute grants it in rem jurisdiction over Jennifer C) file a case in the Ninth Circuit Court of Appeals, as there is concurrent federal jurisdiction due to diversity of citizenship D) file a case in a federal trial court, as federal courts have exclusive jurisdiction over this subject matter