Define stock index, and briefly discuss two of the popular stock indices.
What will be an ideal response?
Answers will vary. One of the most common ways to track general market conditions and trends is to follow what's happening to various stock indices. A stock index tracks the prices of a large group of stocks that meet certain defined criteria. Many investors like to compare how the stocks in their own portfolio compare to the performance of these broad indices.Two of the best-known indices are the Dow Jones Industrial Average and the S&P 500.The Dow Jones Industrial Average (DJIA): Often called just "the Dow," this is the most widely followed stock index. The Dow is based on the adjusted average price of 30 stocks picked by the editors of the Wall Street Journal. All of the Dow firms are large, well-established corporations, such as Apple, General Electric, Coca-Cola, McDonald's, and Disney.The Standard & Poor's 500: With 500 stocks instead of just 30, the S&P 500 is a much broader index than the DJIA. Still, like the Dow, the companies included in the S&P 500 are large, well-established American corporations.
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The term "FIFO" relates to the merchandise in inventory at the end of the accounting period, not to the merchandise sold during the period
a. True b. False Indicate whether the statement is true or false
A company using the periodic inventory system has the following account balances: Merchandise Inventory at the beginning of the year, $3,600; Freight-In, $650; Purchases, $10,700; Purchases Returns and Allowances, $1,950; Purchases Discounts, $330 . The cost of merchandise purchased is equal to
a. $8,420 b. $17,230 c. $12,670 d. $9,070
Net purchases equals purchases less purchase returns, allowances, and discounts plus transportation-in
a. True b. False Indicate whether the statement is true or false
The general guidelines for coding unstructured questions and questionnaires include all of the following except ________
A) category codes should be mutually exclusive and collectively exhaustive B) category codes should be assigned for critical issues even if no one has mentioned them C) answers should be abbreviated as much as possible D) data should be coded to retain as much detail as possible