Which one of the following investment strategies would NOT appeal to an investor who is most concerned with storage of value?
A) buy-and-hold
B) high income
C) quality long-term growth
D) speculation and short-term trading
Answer: D
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The United Way and Nature Conservancy are examples of which type of organization?
A. For-profit B. Nonprofit C. Administrative D. Mutual-benefit E. Aid-based
A company had total sales of $840,000, net sales of $821,400, and an average accounts receivable of $111,000. Its accounts receivable turnover equals:
A. 61.2 B. 69.4 C. 1.0 D. 7.6 E. 7.4
Which of the following is a correct fundamental accounting equation?
A) Assets + Liabilities = Equity B) Assets + Retained Earnings = Equity C) Assets + Equity = Liabilities D) Assets = Liabilities + Equity
Fixed-price contracts are an example of transferring risk from an owner to a contractor.
Answer the following statement true (T) or false (F)