A friend tells you about a mutual fund that can protect you on the downside. In other words, in bear markets the return on the mutual fund does not fall as much as the market's return. The fund's Beta is:
A) Greater than one
B) Equal to one
C) Less than one
C
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The principle that assumes the reader of the financial statements is not interested in the liquidation values is:
a. conservatism. b. matching. c. time period. d. realization. e. None of the answers are correct.
A company had $6,970,000 in net income for the year. Its net sales were $14,900,000 for the same period. Calculate its profit margin.
A. 213.8 %. B. 113.8 %. C. 23.4 %. D. 93.6 %. E. 46.8 %.
The Packer Video Company files for Chapter 7 bankruptcy. Its only non-exempt asset is a piece of equipment valued at $15,000 . The claims that have been approved by the trustee are as follows: (1) $2,500 in expenses of the trustee in the administration of the estate. (2) $4,000 in wages, salaries, and commissions earned by employees within ninety days before the filing of the bankruptcy petition
and the cessation of the business. (3) $500 in employment taxes owed to the state. (4) Unsecured claims in the amount of $10,000. (5) A perfected security interest in the amount of $2,000 which is held by First Bank and which is secured by the item of equipment. How much money will be available to pay the general unsecured creditors who have no priority? a. $15,000 b. $13,000 c. $10,500 d. $6,000 e. No money will be available to pay the general unsecured creditors.
Generally, all contractsare assumed to be shipment contracts if nothing to the contrary is stated in the contract
Indicate whether the statement is true or false