In a perfectly efficient market the best investment strategy is probably _____ .

A. an active strategy
B. a passive strategy
C. asset allocation
D. market timing


B. a passive strategy

Business

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On July 1, 2018, Mason & Beech Services issued $33,000 of 10% bonds that mature in five years. They were issued at par. The bonds pay semiannual interest payments on June 30 and December 31 of each year. On December 31, 2018, what is the total amount paid to bondholders?

A) $1650 B) $3300 C) $825 D) $1100

Business

If the amount of income taxes expense exceeds the amount of actual income taxes payable for a year, the difference is recorded by a debit to a balance sheet account called Deferred Income Taxes

Indicate whether the statement is true or false

Business

Jenkins Services reported the following balances

December 31, 2016 December 31, 2015 Net Income $ 45,000 $ 42,000 Preferred Dividends 5,000 3,000 Total Stockholders' Equity 375,000 368,000 Total Stockholders' Equity attributable to Preferred Stock 40,000 24,000 Number of common Shares Outstanding 16,000 12,000 Compute earnings per share for 2016, price/earnings ratio for 2016, assuming the market price on December 31, 2016 is $37.50 per share, and the rate of return on common stockholders' equity for 2016. (Show your computations and round to two decimal places.) What will be an ideal response

Business

Marginal cost-benefit analysis states that financial decisions should be made and actions should be taken only when the added benefits exceed the added costs

Indicate whether the statement is true or false

Business