A retired couple can probably bear more risk in their portfolio than a young investor with a secure job.
Answer the following statement true (T) or false (F)
False
Rationale: A retired investor whose income depends partly on his or her portfolio will probably choose a lower-risk, current-income-oriented approach for financial survival. See 11-6: Managing Your Investment Holdings.
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Consider a three-year fixed-payment security that has a present value of $1,000. If the annual rate of discount is 7 percent, the payment made at the end of each year is
A. $70.00. B. $107.00. C. $142.86. D. $381.05.
Proctor Inc has a weekly payroll of $8,000 for a 5-day workweek, Monday through Friday. If December 31, the last day of the accounting year, falls on Wednesday, Proctor would make an adjusting entry that would
a. increase wages expense $4,800. b. decrease wages payable $4,800. c. decrease cash $4,800. d. increase wages payable $8,000.
Laramie Corporation was organized on January 3, 2015 . Laramie was authorized to issue 50,000 shares of common stock with a par value of $10 per share. On January 4, Laramie issued 30,000 shares of common stock at $25 per share. On July 15, Laramie issued an additional 10,000 shares at $20 per share. Laramie reported income of $33,000 during 2015 . In addition, Laramie declared a dividend of $.50
per share on December 31 . 2015. See Laramie Corporation information above. The amount reported on Laramie Corporation's December 31 . 2015, balance sheet as stockholders' equity was a. $400,000. b. $550,000. c. $950,000. d. $963,000.
Trompenaars's particularist dimension describes a culture in which
A. people think that rules apply equally to everyone. B. relationships rather than rules regulate behaviors. C. voting is democratic. D. choices are avoided.