If a manager prefers investments with greater risk even if they have lower expected returns, then he is following a ________ strategy
A) risk-seeking
B) risk-indifferent
C) risk-averse
D) risk-neutral
A
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Which of the following best describes a trial balance?
a. It is a required financial statement. b. It is a financial statement that can be used in place of the income statement. c. It is a numerical list of all accounts used by a company. d. It is a tool used to prove the equality of debits and credits in the general ledger.
Farmer Company purchased machine on January 1, Year 1, for $56,000. The machine is estimated to have a 5-year life and a salvage value of $5000. The company uses the straight-line method. At the beginning of Year 4, Farmer revised the expected life to eight years. What is the annual amount of depreciation expense for each of the remaining years in the machine's life?
A. $2550 B. $4080 C. $5080 D. $3175
Money market mutual funds provide the greatest growth potential and carry the greatest risk.
Answer the following statement true (T) or false (F)
A credit card company sells its customers' mailing addresses to its competitors. In this scenario, the company's action is considered _____
a. ethical but illegal c. illegal and unethical b. legal but unethical d. legal and ethical